Spain asks Brussels for more European funds — idealista/news

by time news

2023-05-31 16:23:05

The First Vice-President and Minister for Economic Affairs and Digital Transformation, Nadia Calviño, announced this Wednesday that Spain will send to Brussels next week the addendum to the Recovery, Transformation and Resilience Plan.

“Next week we are going to adopt the addendum to the recovery plan precisely to send it to Brussels and that this process to mobilize resources is not stopped because the deadline is 2026″said the head of Economic Affairs this Wednesday in an interview on the program ‘Els Matins’, on TV3, collected by the Europa Press agency.

The Government has been holding meetings with the regional governments, parliamentary groups and social agents for months to prepare the addendum to the Recovery Plan, with which an additional 7,700 million euros will be mobilized in transfers and the 84,000 million euros in loanswhich will be added to the 70,000 million euros of the first phase of the Plan.

At the end of the year, the Minister of Economic Affairs, Nadia Calviño presented a first draft of this addendum, on which the Executive continues to work in order to present its final and formal version to Brussels next week. According to the regulation, The deadline for submitting this addendum is August 31 of this year.

But Spain has already formally submitted the loan request to the European Commission. With these resources and the additional transfers, the Government intends to concentrate investments and reforms on promoting industrialization and strategic autonomy in the fields of energy, agri-food, industrial, technological and digital, reinforcing investments in the 12 strategic projects (Perte ) already approved and underway.

“There is no time to lose, we have it ready and a responsible government has to continue promoting these initiatives”, stressed the first vice president, after denying that the imminent presentation of the addendum to Brussels is an electoral decision.

As Calviño explained, The European Commission has a period of two months, which can be extended, to evaluate the document send by Spain next week. “What is not responsible is stopping a process that is essential so that Spain can continue with this positive dynamic in which we have been since we came out of the pandemic,” he stressed.

Request for the fourth payment of 10,000 million

In addition, the first vice president has assured that the Executive is going to present the request for the fourth payment of European funds, worth 10,000 million euros, “as soon as possible”. This payment is linked to the fulfillment of certain milestones and objectives, the most significant being the second part of the pension reform, already approved.

As the vice-president defended in the interview, the European ‘Next Generation’ funds and all the reforms that the Executive has implemented over the last few years explain the strength of the Spanish economy, the creation of employment and the modernization that it is being produced.

“I believe that it is a process that does not have to be stopped. That is why I trust that we will win the elections and we will be able to continue developing this project because there is no going back,” he concluded.

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