The Commission expects “new requests for payment” of the Recovery resources “in September from Spain, in October from Greece, in November from France and in December from Denmark, Italy and Slovakia”, and “each request includes a verification that objectives established by the plans have been achieved “. This was stated by the vice president of the European Commission, Valdis Dombrovskis, in a hearing in the European Parliament.
«On the financing of the fund – he added – there is the possibility of paying a pre-financing on a pro-rata basis, we will see how successful we will have on the market. Eventually we could pay the pre-financing in full, if the transactions on the market work well ».
Guarantees are also expected from Poland and Hungary
“The Commission hopes to reach a positive decision on the still not approved NRPs”, but “Hungary and Poland must ensure that their plans are in line with the requirements for a positive judgment,” continued Dombrovskis. The Commissioner also recalled that only Bulgaria and the Netherlands have yet to present their respective recovery and resilience plans. “We expect to receive them soon,” he concluded.
The arrival of European funds helps the state accounts
The arrival of European funds helps the state accounts. The balance of the state sector closed in August, provisionally, with a surplus of 9.1 billion, an improvement of about 13 billion compared to the result of the same month last year (-3.884 billion). The borrowing requirement for the first eight months of the current year is approximately 70.1 billion, an improvement of approximately 36.2 billion compared to that recorded in the same period of 2020 (106.310 billion).