Wed. May 18th, 2022

Brussels, 30 April 2022

On April 30, 2022 the Commission received Spain’s second payment request under the Recovery and Resilience Facility (RRF), for a payment of €12 billion of financial support (net of pre-financing). Spain’s overall recovery and resilience plan amounts to €69.5 billion in grants. Payments under the RRF are performance-based and depend on Spain’s achievement of the investments and reforms outlined in its Recovery and Resilience Plan.

Spain’s second payment request addresses the 40 milestones and targets identified in the Council’s implementing decision, covering several reforms and investments in the areas of green and just transition, labor market, pensions, regulated professions, digital connectivity, and research. Among the areas covered are healthcare, education, support for vulnerable groups, entrepreneurship and micro-enterprises, prevention of tax fraud and green taxation, as well as efficient and sustainable public spending.

The Commission now has two months to assess the application. It will then transmit to the Council’s Economic and Financial Committee (EFC) its preliminary assessment of Spain’s compliance with the milestones and targets required for this payment. More information on the RIF application process is available in this Q&A document. More information on the Spanish Recovery and Resilience Plan is available here.

Source – EU Commission – Translated by DeepL