Italy's National Recovery and Resilience Plan: Latest state of play

Briefing 14-07-2022

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 EU-27 GDP in 2019). In June 2022, Italy's grant allocation was revised upwards slightly to €69 billion (+0.2 %). In addition, Italy has earmarked national resources worth €30.6 billion to further strengthen a vast programme of reforms and investments that aims to promote the recovery of the Italian economy, while addressing a number of structural weaknesses as well as pursuing major objectives such as the green transition and the digital transformation. Measures under the plan are to be completed by 2026. Italy has so far received 24 % of the resources (in the form of pre-financing and first payments for grants and loans); this is above the EU average. A further nine payments each for grants and loans will depend on progress made in implementing the plan. The European Parliament, which was a major advocate for the creation of a common EU recovery instrument, participates in interinstitutional fora for cooperation and discussion on its implementation and scrutinises the work of the European Commission. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.