The elections speed up the time for execution of European funds

The call for early general elections on July 23 puts the execution of milestones and goals Recovery, Transformation and Resilience Plan, whose deadline for non-reimbursed aid expires on December 31 of this year. “Rules of regulation [europeo] They are very clear,” executive sources assured Europa Press. Until nowSpain received 37.036 million euros, equivalent to 53% of the total that corresponds to it in the form non-refundable transfers, which amounts to EUR 69.528 million from the Recovery Plan. During 2023, the plan of the Plan foresees two more payments in the amount of HRK 10,000 and HRK 7,000 million from European funds. The executive power guarantees that it will request the fourth payment of these funds “in the shortest possible time” after the completion of the second part of the pension reform.

After that, the disbursements will be completed with three planned annual payments of €8,000 million in June 2024, another €3,500 in June 2025 and €4,000 in December 2026.

However, before that, the deadline for granting non-reimbursable grants expires on December 31 of this year. According to the latest implementation report, published in February, Spain would have implemented 75% of the European funds provided for in the 2021 and 2022 budgets, while there would be 90% of approved loans and 81% approved. In addition, according to Economy, the distribution of these funds would accelerate significantly in the first quarter of 2023, with more than 10.757 million approved, almost 40% of the 28.692 budgeted for the whole year. The government spent months holding meetings with autonomous governments, parliamentary groups and social workers to prepare Addendum to the Recovery Plan, which will mobilize an additional 7,700 million in transfers and 84,000 in loans, which will be added to the 70,000 from the first phase of the Plan. At the end of the year, the minister Nadia Calvino He presented the first draft of this supplement, which the executive continues to work on to approve its final and official version next Tuesday and send it to Brussels.