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KPO. Some countries have already received the next tranche of EU funds, and Poland has not yet submitted an application for payment

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Billions from the post-pandemic recovery fund have been flowing to most EU countries for two years now. Spain has already received half of the funds it requested from Brussels in its reconstruction plan. EUR 37 billion is a gigantic amount that Madrid spends on investments. If you compare it with the situation of Poland, which received nothing, this is a huge competitive advantage.

The European Union has developed this program to counteract the crisis caused by the COVID-19 pandemic. Thanks to the so-called Recovery Instrument, EU member states are to become more sustainable, digital and resilient to possible future crises.

A total of EUR 723 billion is to be spent by 2026. Member countries will receive this money or have already started receiving it in the form of loans or grants. Over PLN 158 billion of this pie was allocated to Poland, but due to the government’s reform of the judiciary and violations of the rule of law, we received nothing from these EU funds.

However, most EU countries regularly meet “milestones” and receive subsequent payments. There are two leaders: Italy and Spain, which have received the most so far. Adding up the advance payment and two tranches of payments, Italians received EUR 56 billion and Spaniards EUR 37 billion. Thus, the Spaniards already have more than half of the funds they applied for at their disposal. Lithuania, Greece, Croatia and Portugal are also systematically implementing their reconstruction plans.

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How much percentage of the awarded money has already been paid?European Commission

The six pillars of the fund

Apart from Poland, four countries have not received any money yet. Hungary, for the same reasons as Poland, as well as Ireland, Sweden and the Netherlands, which do not need money from the special fund so much.

– Ireland, the Netherlands and Sweden were slow to send their national recovery plans and are now delaying applications for the first payment. The funds allocated to them are only a fraction of the entire fund. The Netherlands and Sweden belong to the group of so-called the frugal four and from the beginning they expressed doubts whether the new instrument should be created at all, knowing that they pay more into the EU budget than they pay out, and it was not them that the reconstruction fund was supposed to help primarily – informs Maciej Sokołowski, TVN24 and TVN24 BiS correspondent in Brussels .

These measures are not simple, direct subsidies for those who suffered the most during the pandemic. These are investments in six pillars: green transformation, smart and sustainable economic growth, policies for future generations, digital transformation, so-called social cohesion, health care and economic resilience.

Brussels wants the funds to make European societies more modern, solidary, safe and prosperous.

Facts about the World TVN24 BiS

Main photo source: European Commission



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