Spain requests the new disbursement of 12,000 million European funds


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The Government of Spain has requested this Friday the second payment of the European funds ‘Next Generation EU’, which represents the highest disbursement of resources, with a total of 12,000 million euros, and which are linked to the fulfillment of some of the milestones of greater importance of the Recovery Plan, such as the approval of the labor reform.

The amount of this second disbursement corresponds to the fulfillment of 40 milestones and objectives –31 milestones and nine objectives– that have been fulfilled throughout the second half of 2021, the Government has reported in a statement.

The satisfactory evaluation of compliance with this package of milestones and objectives will thus entail the disbursement of 12,000 million euros, which would be added to the 9,036 million euros of pre-financing and the 10,000 million euros of the first disbursement, received in 2021.

In this way, with this request, formulated by the General Secretariat of European Funds, dependent on the Ministry of Finance and Public Administration, Spain becomes the first Member State to request this second disbursement.

In general terms, this payment request includes the bulk of the measures to transform and rebalance labor relations and the pension system in our economy, among which the labor reform and the reform of the public pension system stand out.

Within the green and digital axes, this second disbursement request also includes the approval of the Roadmap for offshore wind energy and other energies from the sea; the Strategy for Safe, Sustainable and Connected Mobility, the Charter of Digital Rights, the entry into force of the RD-Law for the protection of workers engaged in home delivery activities using digital platforms or tax measures to accelerate the deployment of the 5G network.

In addition, measures have also been put in place to strengthen the
resilience, economic growth and territorial cohesion, such as the modernization of the Tax Agency, the approval of the Action Plan for Primary and Community Care and the improvement of the functioning of the food chain.

After the aforementioned request, the European Commission will have a period of two months to carry out the analysis and verification of the documentation presented by the Government of Spain to make the disbursement, in accordance with article 24 of the Regulation of the Recovery and Resilience Mechanism.

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