Calviño awaits the positive assessment of Brussels this month for the second disbursement of European funds

LUXEMBOURG, 17 Jun. (EUROPE PRESS) -

The Government's First Vice President and Minister for Economic Affairs, Nadia Calviño, indicated this Friday that she hopes to receive, before the end of June, a positive assessment by the European Commission of the fulfillment of the milestones associated with the recovery plan for the disbursement of the second payment of European funds 'Next Generation EU', of 12,000 million euros.

"We are working with the European Commission and we hope to receive a positive assessment at the end of the month to have the payment of 12,000 million euros in the course of the summer," the first vice president detailed, at a press conference after the meeting of economy ministers. and EU Finance in Luxembourg.

The community executive has a period of two months to carry out the analysis and verification of the documentation presented by the Government of Spain at the end of April to make the disbursement, in accordance with article 24 of the Regulation of the Recovery and Resilience Mechanism.

With regard to the labor reform, there is a "very positive assessment" because "the data support the effectiveness that the reform is having in creating jobs" and the proportion of contracts with "a duration of less than seven days" continues to fall; Calviño has pointed out in relation to one of the milestones linked to the disbursement of the second tranche of 12,000 million euros of the Recovery Plan.

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, as reported by the Government in April.

The Minister for Economic Affairs has also explained that she hopes to know the final allocation of funds to Spain at the end of June and has pointed out that the Government has launched "a participatory process" to prepare the addendum to the Recovery Plan with the intention of mobilizing "any additional transfer as well as the credits" to give continuity to the projects "beyond 2024".

Regarding the presentation of the update addendum to the Recovery Plan, Calviño has indicated that it will be carried out in the second half of this year and has assured that Spain will request the mobilization of "all transfers and all assigned credits."

The satisfactory evaluation of compliance with this package of milestones and objectives by the Community Executive will 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 .