Sánchez expects that Spain will receive another 12,000 million from European funds in the coming days

MADRID, 25 Jun. (EUROPA PRESS) -

The President of the Government, Pedro Sánchez, trusts that Spain will receive in the coming days a new disbursement of 12,000 million European funds destined for the modernization of the economy, which would raise the funds received by the country to 31,000 million, which will be it will thus become the most advanced in receiving 'next generation' funds.

At the end of April, the Government of Spain formally requested the second disbursement of the Recovery and Resilience Mechanism for a value of 12,000 million euros, which corresponds to the fulfillment of 40 milestones and objectives (31 milestones and 9 objectives), which have been fulfilled throughout the second half of 2021.

The satisfactory evaluation by Brussels of the fulfillment of this package of milestones and objectives 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.

"In this way, Spain becomes the most advanced country in the execution of the Recovery, Transformation and Resilience Plan (PRTR)," Sánchez highlighted at the press conference after the extraordinary Council of Ministers this Saturday.

The European Commission had 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.

Among the milestones fulfilled necessary to receive the funds, the bulk of the measures to transform and rebalance labor relations and the pension system are included, among which the labor reform stands out, one of the main programmatic commitments of the Government for this legislature , and the reform of the public pension system, according to which the pension revaluation index is repealed and the maintenance of their purchasing power is guaranteed.

The green and digital axes include 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 royal decree law for the protection of workers engaged in home delivery activities using digital platforms or fiscal measures to accelerate deployment of the 5G network.

In addition, measures have also been implemented to strengthen 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, according to the Ministry of Finance.

"The Government is going to maintain the course of modernizing the economy and is going to protect families and companies, starting with the most vulnerable families. No country can avoid the consequences of Putin's war, but it is possible to cushion its effects and ensure that they are distributed fairly for the benefit of those who suffer the most and that those who obtain unjustified benefits from the rise in energy lend a helping hand", Sánchez remarked.