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Spain asks Brussels for the second disbursement of 12,000 million from the recovery fund | Economy

The First Vice President and Minister of Economic Affairs, Nadia Calviño, and the Minister of Finance, María Jesús Montero, present the 2022-2025 macroeconomic scenario.
The First Vice President and Minister of Economic Affairs, Nadia Calviño, and the Minister of Finance, María Jesús Montero, present the 2022-2025 macroeconomic scenario.Europe Press

The Government of Spain has requested this Friday the second payment of European funds Next Generation EU, and the one that represents the highest disbursement of resources to date, with a total of 12,000 million euros, as reported in a statement by the Ministry of Economy. The delivery of the money is linked to the fulfillment of some of the main milestones of the Recovery Plan, among them the approval of the labor reform —to which the Congress of Deputies gave its approval last February—. The amount of this second disbursement corresponds to the fulfillment of 31 milestones and nine objectives throughout the second half of 2021, according to the Government.

The satisfactory evaluation 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. The European Commission will have a period of two months to carry out the analysis and verification of the documentation presented by the Government of Spain.

With this request, made by the General Secretariat of European Funds, dependent on the Ministry of Finance and Public Administration, Spain becomes the first Member State to claim this second disbursement. The payment request includes the bulk of the measures to transform and rebalance labor relations and the pension system in our economy, among which the labor reform and the reform of the public pension system stand out.

Within the green and digital axes, this second disbursement request also includes 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 who are engaged in home delivery activities using digital platforms or tax measures to accelerate the 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 operation of the chain food.

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