Sun. Jul 14th, 2024

Brussels, 14 November 2022

This is Spain’s third payment request and relates to 24 milestones and 5 targets covering several reforms and investments in the areas of the green and digital transitions, pensions, research, development and innovation, education and vocational training. Other areas covered include healthcare, support to vulnerable groups, insolvency procedures, public expenditure quality and the prevention of tax evasion and fraud.

Spain’s recovery and resilience plan is financed by €69.5 billion in grants, with €7.7 billion in additional grants still available for request. As with all Member States, payments under the RRF are performance-based and contingent on Spain implementing the investments and reforms outlined in its recovery and resilience plan.

The Commission will now assess the request and will then send its preliminary assessment to the Council’s Economic and Financial Committee. More information on the process of assessing Member States’ payment requests under the RRF is available in this Q&A. More information on the Spanish recovery and resilience plan is available here.

Source – EU Commission

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