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Spain will request all the loans from European funds and will present the addendum to the Plan before the end of the year

MADRID, 8 Sep.

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Spain will request all the loans from European funds and will present the addendum to the Plan before the end of the year


The Government intends to present before the end of the year the addendum to the Recovery, Transformation and Resilience Plan with the aim of mobilizing the set of loans corresponding to Spain from the 'Next Generation EU' mechanism.

As confirmed by sources from the Ministry of Economic Affairs and Digital Transformation, the Government's will is to request the total loans assigned to Spain, which amount to 84,000 million euros.

For your request, the Executive has been working for months on the aforementioned addendum to the Recovery Plan with the aim of presenting it throughout this year and mobilizing the 84,000 million euros in loans, in addition to the 7,700 million euros of the complementary allocation of transfers .

In total, Spain has allocated a total of approximately 160,000 million euros for public investments until 2026 between transfers and loans related to European funds 'Next Generation EU'.

With the addendum in which the credits will be included, the Government intends to reinforce the impact of the Recovery Plan from 2023 -in which only the 70,000 million transfers are reflected-.

Given the current geopolitical context, the investments must reinforce the strategic projects under way and concentrate the investments on reinforcing the strategic autonomy of Spain and Europe in terms of energy, agri-food, technological and digital security.

For this reason, at the end of July, the First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, sent letters to the presidents of the governments of the autonomous communities and cities in order to encourage their participation in the preparation of this addendum. , in order to identify the sectoral priorities and strategic projects to be reinforced with the transfers and credits available from European funds.

In addition, just this week, Calviño has started the round of contacts with the parliamentary groups to prepare the addendum to the Recovery Plan.

Specifically, the first meeting was on Monday with the spokesperson for the PSOE, Patxi López, which was followed by a meeting on Tuesday with the spokesperson for the United We Can Parliamentary Group, Txema Guijarro, and another on Thursday with the spokesperson for the Basque Group in the Congress of the Deputies, Aitor Esteban.

Sources from the Ministry of Economic Affairs have confirmed to Europa Press that the forecast is that it will continue to meet with the parliamentary groups next week.

During his speech this week at the Committee on Economic Affairs and Digital Transformation of the Congress of Deputies, Calviño reported that 66% of the 'Next Generation EU' funds budgeted for 2022 have already been authorized and the amount committed exceeds 53 %, while more than 18,000 million euros have already been transferred to the autonomous communities to finance projects within the scope of their powers.

The autonomies that have received the most funds from the Recovery Plan so far are Andalusia (2,998 million euros), Catalonia (2,593 million euros), Madrid (2,003 million euros), the Valencian Community (1,699 million euros), the Canary Islands (1,205 million euros) Castilla y León (1,132 million euros) and Galicia (1,092 million euros).

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