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Spain's National Recovery and Resilience Plan (NRRP) is one of the biggest financed by the Next Generation EU (NGEU) recovery instrument. It contains the largest amount, in terms of grants, under the unprecedented EU response to the crisis caused by the coronavirus pandemic. Spain's national allocation for grants under the Recovery and Resilience Facility (RRF) amounts to €69.5 billion and it represents 9.6 % of the entire RRF or 5.6 % of the country's gross domestic product (GDP) in 2019 (the RRF ...

Romania's National Recovery and Resilience Plan (NRRP) embodies an ambitious agenda of reforms and investment aimed at mitigating the socio-economic effects of the Covid-19 crisis. The total cost of the plan amounts to €29.2 billion, or 13.1 % of the country's 2019 GDP. This allocation, corresponding to 4 % of the total volume of the Recovery and Resilience Facility (RRF), includes the entire grant allocation (€14.2 billion) and a considerable part (€14.9 billion) of the available loan allocation ...

EU support for the implementation of Slovakia's National Recovery and Resilience Plan (NRRP, Plán obnovy) amounts to €6 328.6 million in grants, and covers almost entirely the total cost of the plan, which stands at €6 575 million. In June 2022, Slovakia's grant allocation was revised downwards to €6 007.3 million ( 5.1 %). In addition to grants, until 31 August 2023, Slovakia can request up to €6 300 million in loans from its envelope available under the Recovery and Resilience Facility (RRF). While ...

The Monthly Highlights publication provides an overview, at a glance, of the on-going work of the policy departments, including a selection of the latest and forthcoming publications, and a list of future events.

In December 2021, the European Commission presented a proposal for an amendment of Regulation 2020/2093 on the multiannual financial framework (MFF) for the years 2021 to 2027. The proposed targeted revision has the following purposes: a) to raise the MFF ceilings to incorporate the social climate fund; and b) to introduce an automatic annual adjustment of the MFF ceilings based on new own resources, to allow for the repayment of Next Generation EU borrowing. On 31 August, the Committee on Budgets ...

Amending budget No 2/2022: 2021 surplus

Εν συντομία 07-09-2022

The purpose of Draft Amending Budget No 2/2022 (DAB 2/2022) to the EU's 2022 general budget is to enter as revenue in the 2022 budget the surplus resulting from implementation of the 2021 budget. The 2021 surplus totals over €3.2 billion. It consists mostly of higher than expected revenues from customs duties (€1.68 billion) and fines for breaking EU competition law that exceeded the forecast by €957 million. The surplus also arises in part from under-spending on the expenditure side. Inclusion of ...

The Recovery and Resilience Facility (RRF) is the core element of the EU's largest and most innovative financing instrument, Next Generation EU (NGEU), created to help the EU's economies and societies recover from the global pandemic. The facility is structured around six pillars representing policy areas of European relevance, identified by the RRF Regulation as vital for strengthening the EU's resilience. The pillars define investment priorities and the scope of application of financing under the ...

The implementation timetable for cohesion policy is defined largely by its legislative framework. In order to be able to plan parliamentary work and exercise systematic scrutiny of policy implementation and of the Commission’s work, it is essential to have an overview of the timing of different steps in policy implementation in the coming years. This type of briefing was first published (and subsequently updated) in 2014 covering the 2014-2020 programming period. This version includes the policy ...

The Committee on Budgetary Control (CONT) held a workshop with the aim to get a better understanding about customs control practices in Member States and their possible improvements. This publication includes the full documentation of the workshop: programme, summary of the debate, background briefing, profiles of speakers and their presentations.

In absolute figures, Italy's Recovery and Resilience Plan is the largest national plan under the unprecedented EU response to the crisis triggered by the coronavirus pandemic. Italy has decided to use its entire national allocation under the Recovery and Resilience Facility (RRF), including its loan component (€122.6 billion). Totalling €191.5 billion, these resources represent 26.5 % of the entire RRF, equal to 10.7 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of ...