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

Briefing 14-01-2022

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. For the time being, Spain has decided to use its national allocation for grants under the Recovery and Resilience Facility (RRF). The proposed and approved amount (€69.5 billion) represents 9.6 % of the entire RRF, equal to 5.6 % of the country’s gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in 2019). In addition, Spain’s general state budgets plan investment of €27 billion, aligned with the NRRP. The RRF funding will be supplemented by €12.4 billion from the REACT-EU funds, mainly for investment in health and education, and by the structural funds set out in the 2021-2027 Multiannual Financial Framework. Measures under the plan are to be completed by 2026. Following the Council’s approval of the plan on 17 August 2021, the European Commission disbursed €9 billion to Spain in pre-financing, equivalent to 13 % of the country’s financial allocation under the RRF. The next payments, in eight instalments, will depend on progress in implementing the plan. The European Parliament, which was a major advocate for the creation of a common EU recovery instrument and was co-legislator for the adoption of the RRF, participates in the interinstitutional fora for cooperation and discussion on its implementation and in scrutinising the work of the European Commission.