Devastating floods in Poland have increased the probability of changes to the 2024 budget and decisions could be made by the government within two weeks, Finance Minister Andrzej Domanski said on Monday.

Siekierski highlighted the importance of increasing the agricultural reserve budget, currently set at €450 million for 2023-2027, to support farmers facing market disruptions. The European Commission recently proposed nearly €120 million in aid for farmers in several countries affected by adverse weather conditions.

Poland will ask the European Commission to adjust its recommendations for budget deficit cuts in the coming years due to rebuilding costs after floods hit the country’s southwest, Finance Minister Andrzej Domanski said.

Polish Finance Minister Andrzej Domanski said on Friday a pledge worth 5 billion euros ($5.6 billion) from the European Union to help the country recover from its worst flooding in at least two decades may not be enough to cover its losses.