Spain expects to present an addendum to the recovery plan to deal with the economic coup of the Covid-19 Pandemia Towards November with the main objective of expediting European fund paymentsaccording to Government Sources on Saturday.
According to the same sources, the request for the sixth payment will be postponed until after this addendum that “will articulate “the rest of pending transfers.
These changes are aimed at speeding up the disbursement of payments, since the community executive itself is urging European capitals to this task, because this instrument expires on August 31, 2026.
In the case of Spain, after the disbursement of the fifth payment in the month of August, 44% of the assigned money has been received.
Brussels, which has been asking countries to accelerate the implementation of their plans for months, presented them in May several options to pave the way, since it continues to discard the bottom beyond 2026.
The European Commission suggests that the countries expand those investments that are successful and transfer funds to other community budget programs, such as Invest EU and defense items, or that those measures that may also be financed with state money or other EU funds.
Thus They could receive financing for longer, for example, via cohesion funds until 2027.
According to government sources, Spain “does not rule out anything”, but “the great focus of this last addendum” is the simplification of milestones and objectives for around 20,000 million euros that remain disbursement.
Priority remains “spend until the last euro of transfers” since the possible request for credits is linked to the “demand for financial instruments, and since (this hypothetical application) has a cost in terms of debt.”
Member States will have until August 31 to meet the milestones and objectives linked to disbursements, although they may submit the application of the last payment until September 30 and the Community Executive will have until December 31 to make transfers.
