Sweden's National Recovery and Resilience Plan: Latest state of play
The total volume of Sweden's National Recovery and Resilience Plan (NRRP) increased from an initial €3 289 million to €3 502 million in the revised version. The NRRP is of comparatively limited scope, and exclusively in the form of grants, as Sweden did not apply for loans. The revised amount represents 0.5 % of the entire Recovery and Resilience Facility (RRF), equal to 0.7 % of the country's gross domestic product (GDP) in 2019 (the RRF representing 5.2 % of EU-27 GDP in 2019). 'Sweden's recovery plan' – the Swedish NRRP – is financed by the Next Generation EU (NGEU) recovery instrument. Sweden will receive payments in five instalments, contingent upon progress in implementing the plan. The total amount of grants under the RRF was subject to revision in June 2022, which reduced the final amount allocated to Sweden to €3 181 million. Adding to this its REPowerEU grant allocation of €198 million and the requested transfer of €66 million of its share of the Brexit Adjustment Reserve to the NRRP, the overall amended plan now includes €3 445.7 million in EU grants. The difference between the EU grants and the total value of the plan (€57 million) is to be covered by national financing. The amended plan allots 43.6 % of resources to climate related objectives, surpassing the minimum target of 37 % set in the RRF Regulation. At 23.1 %, its allocation for digital expenditure also exceeds the threshold, which was set at 20 % of resources (excluding the REPowerEU chapter). The European Parliament has been a major supporter of establishing a common EU recovery instrument, and takes part in interinstitutional settings to cooperate, discuss and scrutinise implementation of the European Commission's work. This briefing is one in a series covering all EU Member States. Second edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.
Briefing