Green light of the Government to the Recovery plan of 248 billion

by time news

Time.news – The Council of Ministers has given the green light to the Italian Recovery plan which will total 248 billion euros. On Friday it will be sent to the European Union. The decree-law that identifies the programs and allocates the resources of the National Investment Plan has also been approved, integrating the National Plan for restart and resilience with national resources (30.62 billion euros for the years from 2021 to 2026).

“We will have an advance from the EU of 13% of the sums before the summer”. He assured the undersecretary for European affairs, Enzo Amendola, in an interview with Skytg24. “There will be advances from the coffers of the individual states, which the EU will then reimburse to the state budget twice a year, after evaluating the objectives and investments”, he explained. “For the first time the EU is making 800 billion bonds. 30% will be green bonds. Europe is moving at a speed comparable to that of the US. In the EU and the US, a rebound of the economy is expected in the third and fourth. quarter. The shock will be there. The train has to get out of the station and the reforms will be the tracks on which the train will move. ”

On the timing of the first EU disbursements, Amendola finally added: “Once the plan is presented, the Commission will have 8 weeks, Ecofin another month. I believe that times will be quicker, because the Commission is working on national programs. from 15 October and he knows most of the cards. We therefore hope that the times set by the agreement will be faster“.

Di Maio, Italy among the first to send it to the EU

“The National Recovery and Resilience Plan has just been approved in the Council of Ministers. We are among the first countries to send it to Brussels and, therefore, among the first to receive the Recovery funds. This is because we have rolled up our sleeves and we have started to work seriously, continuously, planning the investments to be made, with a clear vision of development. At stake there are over 220 billion euros that will be used to invest in skills, to create jobs and to start large projects at sign of ecological transition and digitalization “. The Foreign Minister, Luigi Di Maio writes.

EU states to Commission, “Be quick”

Five EU states have already formally presented their National Recovery and Resilience Plan to the European Commission. The indicative deadline for all the others remains that of April 30th. And, between now and the weekend, other plans will land on the desks of the Berlaymont to share the 750 billion euros put on the table with the Next Generation Eu. The Commission, which has put around 100 people to work to review all projects, has two months to evaluate. And the EU Council has another month for approval. But requests are coming from many sides to speed up the times and obtain pre-financing of 13% before July

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