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

Spain's national recovery and resilience plan (NRRP) is the second largest (in absolute figures) financed by the Next Generation EU (NGEU) recovery instrument and its main spending tool, the Recovery and Resilience Facility (RRF). Following the October 2023 amendment of the Spanish NRRP, adding a REPowerEU chapter, the plan's value reached €163 billion (or 13.1 % of national gross domestic product (GDP) in 2019), an increase of roughly 135 % compared with the original plan of 2021 (€69.5 billion in grants only). The amended plan comes with an increased grant allocation of €79.8 billion and a freshly requested loan allocation of €83.2 billion. The grant part includes the June 2022 upward revision of Spain's grant allocation of €7.7 billion and the country's REPowerEU grant allocation of €2.6 billion. In addition, Spain has requested a transfer of its share from the Brexit Adjustment Reserve of €58 million to its NRRP. So far, €48.3 billion of RRF resources (29.6 % of the amended NRRP) have been received. These have been disbursed by the Commission in form of pre-financing and four grant instalments. he amended plan focuses on the green transition, devoting almost 40 % of the resources to it, and fosters the digital transformation by committing 25.9 % of the funds (excluding REPowerEU) to digital projects. In the context of the European Semester, the Commission assessed the plan's implementation as 'under way', yet warned about emerging delays hindering effective and swift implementation. The European Parliament participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fifth edition. The first edition was written by Miroslava Kostova Karaboytcheva. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.