NextGenerationEU: Spain asks the Commission to pay 6 billion euros in subsidies in the MRRF

This is Spain’s third payment request and refers to 24 milestones and five targets covering various reforms and investments in the areas of green and digital transitions, pensions, research, development and innovation, education and vocational training. In addition, this funding will benefit healthcare, support for vulnerable groups, insolvency procedures, the quality of public spending and the prevention of tax evasion and avoidance.

 

Commission makes second 12 billion payment to Spain under the Recovery and Resilience Mechanism

Spain’s recovery and resilience plan is financed with EUR 69.5 billion in grants and a further EUR 7.7 billion is still available to be applied for as additional support. As is the case for all member states, payments under the RRM are results-based and depend on Spain implementing the investments and reforms outlined in its recovery and resilience plan.

The Commission will now evaluate Spain’s application and send its preliminary assessment to the Economic and Financial Committee of the Council. More information on the evaluation process of Member States’ payment claims under the RRM can be found in this document. And in this link you can access information on the Spanish recovery and resilience plan.

Source: European Commission