The Government presents to the European Commission the seventh and final payment request of the PRTR, for €25.861 billion, the largest from any EU country. Brussels has until 31 December to disburse it.
The Government of Spain has submitted this Wednesday to the European Commission the seventh and final payment request of the Recovery, Transformation and Resilience Plan (PRTR), for an amount of €25.861 billion. The request was registered just hours before the deadline for submission, according to cordobabn.com.
The Ministry of Economy, Trade and Business claims that this is the largest request made by any country in the European Union, both in economic volume and in the number of objectives and milestones achieved. The request is based on 148 targets, equivalent to 30% of the total committed by Spain in the programme.
Of those 148 targets, 130 are linked to non-repayable transfers for a gross total of €21.463 billion, which amounts to €18.711 billion net after deducting the initial pre-financing received at the start of the Plan. The remaining 18 milestones correspond to loans amounting to €4.398 billion gross, equivalent to €4.166 billion net.
The European Commission has until 31 December to execute the disbursement. If approved, the total resources allocated to Spain through the PRTR will reach €101.300 billion.
The Ministry argues that the execution of the Plan has enabled structural reforms and investments such as the construction and rehabilitation of housing, the launch of the 'Spain Grows' fund, aid to strengthen the productive fabric, and support for industrial projects, energy transition, and sustainable mobility.
Vice President Carlos Cuerpo is scheduled to appear on Thursday 1 October before the Joint Committee for the European Union of the Congress of Deputies to report on the progress and results of the Recovery Plan.
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