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.

The 5 billion euro ($5.6 billion) fund pledged by the European Union (EU) for Poland may not cover all the losses caused by recent heavy flooding, Polish Finance Minister Andrzej Domanski has 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 cope with the fallout from its worst flooding in at least two decades may not be enough to cover its losses.

Poland's third-largest city Wroclaw was bracing for peaking flood waters on Thursday, with early indications its defences were holding firm, after the worst floods in at least two decades ravaged central Europe this week.

As flooding began to recede elsewhere in Central Europe, swollen rivers still threaten the southern region of Poland. Seven deaths are reported in Poland as of writing. This video shows the flooding situation in Wroclaw.