Saturday, May 25, 2024
HomeEconomyRecovery, all NRPs sent to EU so far

Recovery, all NRPs sent to EU so far

Published on


Brussels, May 2 (askanews) – The 13 member states have formally submitted their National Recovery and Resilience Plans (Pnrr) to the European Commission on May 1, to fund public investment plans and reforms through RFF funds. The main tool of the post – pandemic program “Next Generation EU”. These countries are Portugal, Greece, Germany, France, Slovakia, Denmark, Spain, Latvia, Luxembourg, Belgium, Italy, Austria and Slovenia. At 2018 prices (approximately $ 338 billion at current prices). The key to the distribution of subsidies among member states out of a total of 312.5 billion 70 factors accounting for three factors: 1) the population of the country; 2) the inverse of per capita GDP; 3) The average unemployment rate for the last 5 years (2015-2019) compared to the European Union average. Instead of the average unemployment rate of 30%, the actual GDP loss and loss in 2020-2021 will be taken into account in the total real GDP. Although the RFR regulation pays each member state the amount indicated in this second part (30% of the grant), based on current prices and the Commission’s autumn 2020 economic forecast, the actual amount will only be final when Eurostat presents the final data in June 2022. In addition, member states can apply for loans up to 6.8% of their 2019 GNI (Gross National Income) as part of their recovery and restoration program. Request for these loans may not be included in the official version of the NRP and may be submitted later up to the specified limit (for investments for the next six years). However, loans to 10 member countries are not forecast (Germany, France, Austria, Sweden, the Netherlands, Denmark, Finland, Estonia, Ireland, Luxembourg). We start with $ 16.6 billion requested from Portugal, of which $ 13.9 billion is grant and $ 2.7 billion is loan. A total of $ 30.5 billion was requested, including $ 17.8 billion in grants and $ 12.7 billion in loans. Hence the German recovery and restructuring plan, which includes measures totaling 27.9 billion euros. The maximum financial contribution to the grants available to Germany under the RFF Fund is $ 25.6 billion. The extra money will be borne by Germany itself, for which no European loans are anticipated. Since Germany’s arrival, France has requested a grant of. 40.9 billion. In this case, no loans are envisaged. Subsequently, Slovakia requested $ 6.6 billion in grants, but no loans were requested. Denmark requested a total of $ 1.6 billion in grants; No loans. Spain, along with Italy, the largest recipient of RFF funds, has requested a total of $ 69.5 billion in grants without asking for a loan. Latvia has applied for a total of $ 1.8 billion in grants and is now abandoning loans. The plan, introduced by Luxembourg, includes a total of $ 93 million in grants, including loans. Belgium has requested a total of 5.9 billion euros in grants, and now the loans are not anticipated. In a formal formal submission to the NRP Commission, Italy requested a total of 191.5 billion euros, of which 68, 9 billion were grants and 122.6 billion were estimated to be a total of 4.5 billion euros in the NRP in Austria, and no loans were granted. Finally, Slovenia demanded a total of $ 2.5 billion, of which $ 1.8 billion in grants and $ 700 million in loans.

See also  Munich Airport Unveils New Security Technology - Economy Around the World

Latest articles

Top 5 outdoor activities to do in Ireland and where to do them •

Co. Kerry","pin":"hidden","link":"","action":"open-link" ,"x":"0.2116","y":"0.8460","level":"county"},{"title":"County Cork","id":"Cork_Group_"," description": "Co. Cork","pin":"hidden","link":"","action":"open-link" ,"x":"0.3991","y":"0.8673","level":"county"},{"title":"County Limerick","id":"Limerick_Group_"," description": "Co. ...

More like this