It is intended to be sent to the European Commission by the end of 2020. Thus, for 71% of NGEU grants and guarantees, the cross-country allocation was known. To ensure the recovery is sustainable, even, inclusive and fair for all Member States, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget. The allocation key will fix a maximum possible amount for the grant component of the RRF per country. Recovery and Resilience Facility (RRF) is the main instrument for financial support to Member States. Under the first pillar of Next Generation EU the Commission is proposing a ‘Recovery and Resilience Facility’, with a budget of €560 billion. ALLOCATION KEY 1. Press Release: CSOs call for allocation of Recovery and Resilience Facility funds to a transition towards an economy that prevents products from becoming waste - 09/12/2020; Keeping large numbers of people safe with circular masks – the story of Eta Beta - 30/11/2020 The Recovery and Resilience Facility (RRF) is part of the NextGenerationEU Budget and will make €672.5 billion in loans and grants available to support reforms and investments undertaken by Member States. For the Commission to start borrowing under NextGenerationEU, thus making the instrument operational, the ratification of the new Own Resources Decision by all Member States in line with their constitutional requirements is still needed. The Recovery and Resilience Facility (RRF) is part of the NextGenerationEU Budget and will make €672.5 billion in loans and grants available to support reforms and investments undertaken by Member States. It is significant that the programme of financing the recovery of the EU economy through grants and loans, approved at the July meeting of the European Council, was named the Recovery and Resilience Facility. 2021-2022: €217 billion. The German Presidency and the Parliament's negotiators early morning on Friday reached a provisional agreement on the Recovery and Resilience Facility. To use these resources, Member States are to prepare … There has also been controversy over the … To benefit from the RRF, Member States must submit recovery and resilience plans which set out their national reform … the non-repayable financial support) per Member State under the Facility ... is the allocation key of Member State i, defined as: It will support public investments and reforms in member states, helping them to address the economic and social … In a new opinion published today, the European Court of Auditors (ECA) points to the importance of the national Recovery and Resilience Plans (RRPs) in making sure that the Read more about Recovery and Resilience Facility… The Recovery and Resilience Facility will offer member states €312.5 billion in grants (in 2018 prices), of which 70% would be committed in 2021 and 2022 and 30% by the end of 2023. The Recovery and Resilience Facility will offer member states €312.5 billion in grants (in 2018 prices), of which 70% would be committed in 2021 and 2022 and 30% by the end of 2023. It is worthEUR 672.5 billion, with EUR 312.5 billion provided as grants and EUR 360 billion provided as loans (COM 2020b). (Бюджет на ЕС: Европейската комисия приветства постигането на споразумение за пакет от 1,8 трилиона евро, за да се подпомогне изграждането на по-екологична, по-цифровизирана и по-устойчива Европа), (Presupuesto de la UE: la Comisión Europea se congratula del acuerdo alcanzado sobre un paquete de 1,8 billones de euros para ayudar a construir una Europa más ecológica, más digital y más resiliente), (Rozpočet EU: Evropská komise vítá dohodu o balíčku 1,8 bilionu eur, který pomůže vybudovat ekologičtější, digitálnější a odolnější Evropu), (EU-budgettet: Europa-Kommissionen glæder sig over aftale om pakke på 1,8 bio. Can the Commission explain why it is using data from 2019 (population and GDP per capita) and the period 2015-2019 (average unemployment) for the proposed allocation key and how this data reflects the impact of the COVID-19 crisis, which is known month by month for each Member State? This will make Union economies more resilient and better prepared for the … The programmes are Horizon Europe, Erasmus+, EU4Health, Integrated Border Management Fund, Rights and Values, Creative Europe, InvestEU, European Border and Coast Guard Agency, Humanitarian Aid. Today’s agreement with the European Parliament on the Recovery and Resilience Facility is the last key element of the EU’s historic recovery package. The Recovery and Resilience Facility is intended to be the Union's main tool in support of economic and social recovery from the consequences of the coronavirus pandemic. The €672.5 billion facility is at the heart of the EU's extraordinary recovery effort, Next Generation EU (NGEU): the €750 billion plan agreed by EU leaders in July 2020. Together, Italy and Spain qualify for over 40 percent of the Recovery and Resilience Facility's €310 billion in grants. This will make Union economies more resilient and better prepared for the … The Commission itself published the results of its calculation for the Recovery and Resilience Facility (RRF) and the Just Transition Fund, while for the increased agricultural subsidies the allocation follows a 2018 proposal and hence is also known. In May 2020 the European Commission presented a major Recovery Plan for Europe through the NextGenerationEU (NGEU), a recovery instrument that would… The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the … The Recovery and Resilience Facility (RRF) constitutes the core of NGEU. More than 50% of the amount will support modernisation, for example through: In addition, the package pays attention to, All amounts in € billion, in constant 2018 prices. The Commission relies on the commitment of Member States to proceed as quickly as possible, in the interest of all EU citizens. Europos Komisija palankiai vertina susitarimą dėl 1,8 trln.EUR vertės priemonių rinkinio, kuris padės kurti ekologiškesnę, labiau skaitmeninę ir atsparesnę Europą), (Uniós költségvetés: Az Európai Bizottság üdvözli a zöldebb, digitálisabb és ellenállóbb Európára irányuló, 1,8 billió eurós csomagról született megállapodást), (Il-baġit tal-UE: Il-Kummissjoni Ewropea tilqa' l-ftehim dwar pakkett ta' EUR 1.8 triljun biex jgħin fil-bini ta' Ewropa aktar ekoloġika, aktar diġitali u aktar reżiljenti), (EU-begroting: Europese Commissie ingenomen met akkoord over pakket van 1,8 biljoen euro dat een groener, digitaler en veerkrachtiger Europa tot stand helpt brengen), (Budżet UE: Komisja Europejska z zadowoleniem przyjmuje porozumienie w sprawie pakietu o wartości 1,8 bln euro, który pomoże w budowie bardziej ekologicznej, cyfrowej i odpornej Europy), (Bugetul UE: Comisia Europeană salută acordul privind pachetul în valoare de 1,8 mii de miliarde EUR care va contribui la construirea unei Europe mai verzi, mai digitale și mai reziliente), (Rozpočet EÚ: Európska komisia víta dohodu o balíku v objeme 1,8 bilióna eur, ktorý pomôže vybudovať zelenšiu, digitálnejšiu a odolnejšiu Európu), (Proračun EU: Evropska komisija pozdravlja dogovor o svežnju v vrednosti 1,8 bilijona evrov, ki bo pomagal zgraditi bolj zeleno, bolj digitalno in odpornejšo Evropo), (EU:n talousarvio: Euroopan komissio on tyytyväinen sopimukseen 1,8 biljoonan euron paketista, jolla tuetaan vihreämmän, digitaalisemman ja kestävämmän Euroopan rakentamista), (EU:s budget: EU-kommissionen välkomnar överenskommelsen om ett paket på 1,8 biljoner euro som ska bidra till att bygga ett grönare, mer digitalt och mer motståndskraftigt Europa), (Часът на Европа: възстановяване и подготовка за следващото поколение), (El momento de Europa: reparar los daños y preparar el futuro para la próxima generación), (Chvíle pro Evropu: náprava škod a příprava na příští generaci), (Et vigtigt øjeblik for Europa: Genopretning og forberedelser til den næste generation), (Mitteilung - Die Stunde Europas – Schäden beheben und Perspektiven für die nächste Generation eröffnen), (Euroopa võimalus: parandame vead ja teeme ettevalmistusi järgmise põlvkonna jaoks), (Η ώρα της Ευρώπης: ανασύνταξη και προετοιμασία για την επόμενη γενιά), (Communication: L'heure de l'Europe: réparer les dommages et préparer l'avenir pour la prochaine génération), (Europa na djelu: oporavak i priprema za sljedeću generaciju), (Il momento dell'Europa: riparare i danni e preparare il futuro per la prossima generazione), (Eiropas lielā stunda – jāatjaunojas un jāsagatavo ceļš nākamajai paaudzei), (Proga Europai atsigauti ir paruošti dirvą naujai kartai), (Európa nagy pillanata: Helyreállítás és felkészülés – a jövő generációért), (Il-mument tal-Ewropa: Tiswija u Tħejjija għall-Ġenerazzjoni li Jmiss), (Het moment van Europa: herstel en voorbereiding voor de volgende generatie), (Decydujący moment dla Europy: naprawa i przygotowanie na następną generację), (A Hora da Europa: Reparar os Danos e Preparar o Futuro para a Próxima Geração), (Acum este momentul Europei: să reparăm prejudiciile aduse de criză și să pregătim viitorul pentru noua generație), (Správny čas pre Európu: náprava škôd a príprava budúcnosti pre ďalšie generácie), (Čas za Evropo: obnova in priprava za naslednjo generacijo), (Euroopan h-hetki: korjaamalla ja kehittämällä parempaa seuraavalle sukupolvelle), (EU vid ett vägskäl – bygga upp och bygga nytt för nästa generation), (Бюджетът на ЕС осигурява ресурс за плана за възстановяването на Европа), (El presupuesto de la UE: motor del plan de recuperación para Europa), (Rozpočet EU, který je motorem evropského plánu na podporu oživení), (EU-budgettet som drivkraft bag genopretningsplanen for Europa), (Der EU-Haushalt als Motor für den Europäischen Aufbauplan), (ELi eelarve, mis toetab Euroopa majanduse taastekava), (Ο προϋπολογισμός της ΕΕ τροφοδοτεί το σχέδιο ανάκαμψης για την Ευρώπη), (Le budget de l’Union: moteur du plan de relance pour l’Europe), (Proračun EU-a za provedbu europskog plana oporavka), (Il bilancio dell'UE come motore del piano per la ripresa europea), (ES budžets - Eiropas atveseļošanas plāna dzinējspēks), (ES biudžetas Europos ekonomikos gaivinimo planui įgyvendinti), (Uniós költségvetés – az európai helyreállítási terv motorja), (Il-baġit tal-UE jmexxi l-pjan ta' rkupru għall-Ewropa), (De EU-begroting als drijvende kracht achter het herstelplan voor Europa), (Um orçamento da UE que potencia o plano de recuperação da Europa), (Un buget al UE care capacitează puterea de acțiune a planului de redresare pentru Europa), (Rozpočet EÚ umožňujúci realizáciu plánu obnovy Európy), (Proračun EU kot gonilo načrta okrevanja za Evropo), (EU:n talousarvio Euroopan elpymissuunnitelman moottorina), (EU-budgeten som motor i den europeiska återhämtningsplanen), (2020 Adjusted Commission Work Programme), (Adjusted Commission Work Programme 2020 - Annexes), Commission proposal for a new long-term EU budget and recovery plan, EU’s next long-term budget & NextgenerationEU - Key facts and figures, Questions and Answers on the agreement on the €1.8 trillion package to help build greener, more digital and more resilient Europe, EU budget: European Commission welcomes agreement on €1.8 trillion package to help build greener, more digital and more resilient Europe, Communication: Europe’s moment: Repair and Prepare for the Next Generation, Communication: The EU budget powering the recovery plan for Europe, Commission Staff Working Document: Identifying Europe's recovery need, Adjusted Commission Work Programme 2020 - Annexes, This site is managed by the Directorate-General for Communication, commission_proposal_for_a_new_long-term_eu_budget_and_recovery_plan, Financing the EU long-term budget and NextGenerationEU, A clear roadmap towards new sources of revenue to help repay the borrowing, Coronavirus Response Investment Initiative, Coronavirus Response Investment Initiative Plus, European Regional Development Fund (ERDF), European Fund for Aid to the Most Deprived (FEAD), grants allocation per Member State (2018 prices), MFF 2021-2027 Breakdown of Cohesion Policy allocations per Member State (2018 prices), MFF 2021-2027 Breakdown of Cohesion Policy allocations per Member State (current prices), MFF 2021-2027 Breakdown of direct payments (within EAGF) per Member State (current prices), MFF 2021-2027 Breakdown of European Agricultural Fund for Rural Development per Member State (MFF only, current prices), Learn about the tendering process and opportunities for doing business with the European Commission, proposal for the EU’s next long-term budget, the temporary recovery instrument NextGenerationEU. NextGenerationEU will also bring additional money to other European programmes or funds such as Horizon2020, InvestEU, rural development or the Just Transition Fund (JTF). RRF spending will total €672.5 billion over the 2021-2023 period if Member States decide to use the loan component fully. The Recovery and Resilience Facility will provide a total of €672.5 billion to support investment and reforms. What is the role of the allocation key? This envelope will be accessible if a Member State presents a recovery and resilience plan that satisfactorily meets the assessment criteria. Member States may apply retroactively for support for measures from February 2020. Recovery and Resilience Facility (RRF) will play the biggest role, with more than €600 billion to distribute in grants and loans. Allocation key: overall drop in GDP in 2020 and 2021, observed in 2022; inverse GDP per capita; population share; Own resources. Allocation key: unemployment 2015-2019; inverse GDP per capita; population share; 2023: €93 billion. How much money? The EU’s Recovery and Resilience Facility (RRF) will provide member states with up to €672.5bn in funding intended to support the economic recovery from the COVID-19 crisis. It will be equipped with a grant facility worth up to EUR 310 billion and will be able to make up to EUR 250 billion in loans. On 9 September 2020, the European Court of Auditors (ECA) published an opinion that assesses Commission’s Recovery and Resilience Facility (RRF).With more than €600 billion, the RRF is the biggest portion within the planned Next Generation EU budget (NGEU) and will provide grants and loans to EU Member States to mitigate the impact of the COVID-19 crisis and make them more … * The amounts include the targeted reinforcement of ten programmes for a total of €15 billion, compared to the agreement from 21 July 2020. 2 The Recovery and Resilience Facility will be firmly embedded in the European Semester. It is worth EUR 672.5 billion, with EUR 312.5 billion provided as … Questions and Answers on the EU budget for recovery: Recovery and Resilience Facility European Commission Questions and answers Brussels, 28 May 2020 What is the Recovery and Resilience Facility? As the governance of the RRF is integrated in the European Semester, it fundamentally changes its character from a non-binding structure for policy coordination to a vehicle for the allocation of a major economic impetus. On 9 September 2020, the European Court of Auditors (ECA) published an opinion that assesses Commission’s Recovery and Resilience Facility (RRF).With more than €600 billion, the RRF is the biggest portion within the planned Next Generation EU budget (NGEU) and will provide grants and loans to EU Member States to mitigate the impact of the COVID-19 crisis and make them more … 1 Proposal for a Regulation of the European Parliament and of the Council establishing a Recovery and Resilience Facility, COM(2020) 408 final, 28.5.2020. The Facility will be a key programme of the European Union Recovery Instrument as part of the revised Multiannual Financial Framework. Ireland's initial allocation … What is the Recovery and Resilience Facility?The new Recovery and Resilience Facility will provide large-scale financial support to reforms and investments undertaken by Member States, with the aims of mitigating the economic and social impact of the coronavirus pandemic and of making the EU economies more sustainable, resilient and better prepared for the challenges posed by the green and digital transitions.… The Commission put forward its proposal for the EU’s next long-term budget on 2 May 2018. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. The Recovery and Resilience Facility is the central pillar of the recovery plan for Europe, Next Generation EU. The European Commission expects that the first payments can be made in 2021 (COM 2020g). Asked if Greece is satisfied with the Commission's proposed allocations, Miltiadis Varvitsiotis, Greece’s deputy minister responsible for European affairs, told POLITICO that "so far we view the proposal in a positive way." The disbursement of funds from the RRF is linked to the … Subject: Distribution of the Recovery and Resilience Facility in the context of the reservations expressed by the European Court of Auditors: On 9 September 2020, the ECA published an opinion (No 6/2020) on the proposal establishing a Recovery and Resilience Facility, according to which the country allocation mechanism for the Recovery and Resilience Facility 'only partly reflects … It will provide non-repayable financial support and loans to Member States to support public investments and reforms, as set out in their recovery and resilience plans. Total Next Generation EU: €750 billion Priority question for written answer P-003337/2020. The entire loan portfolio and 80% of the grants will be assigned to the RRF, the purpose of which is to support investment and reform in Member States to pave the way for a sustainable, resilient recovery, while promoting the Union’s green and digital priorities. Four-phase approach: The Recovery and Resilience Facility is the key instrument at the heart of Next Generation EU, the EU's plan to emerge … N2 - The Recovery and Resilience Facility (RRF) constitutes an unprecedented EU-wide resource to address the impact of the COVID-19 crisis on the EU economies. In … The EU debt is expected to be repaid through contributions from member states, but this has not stopped the resulting transfers as being seen, including by national governments, as money from heaven. The Recovery and Resilience Facility (RRF) constitutes an unprecedented EU-wide resource to address the impact of the COVID-19 crisis on the EU economies. It will be a greener, more digital and more resilient Europe. The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. finalise the adoption of the MFF Regulation and the Own Resources Decision, Council decided to adopt the next long-term EU budget, agreement on the Recovery and Resilience Facility, Commission disburses €14 billion under SURE to nine Member States, European Commission successfully places first EU SURE bond in 2021, The European Commission appoints three new Heads of Representation, Questions and answers on the adoption of the EU's long-term budget for 2021-2027, Recovery from coronavirus: success stories, Aid, Development cooperation, Fundamental rights, Follow the European Commission on social media, About the European Commission's web presence, research and innovation, via Horizon Europe, fair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme, preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEU and a new health programme, EU4Health, modernising traditional policies such as cohesion and the common agricultural policy, to maximise their contribution to the Union's priorities, fighting climate change, with 30% of the EU funds, the highest share ever of the European budget, biodiversity protection and gender equality, a financial contribution linked to the corporate sector, Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU): NextGenerationEU also includes €47.5 billion for REACT-EU. It is a budget fit not only for today's realities but also for tomorrow's uncertainties. Ireland’s allocation under the 70% pot is €853m (2018 prices). The Commission will put forward proposals by June 2021 on sources of revenue linked to: By June 2024, the Commission will propose new sources of revenue, such as: The European Commission will start committing the funds under the next Multiannual Financial Framework (the EU long-term budget) as of 1 January 2021, following the adoption of the relevant sector-specific rules as well as of the annual budget for 2021 by the European Parliament and the Council. This document is based on the text of the Regulation on the Recovery and Resilience Facility politically agreed between the European Parliament and the Council in December 2020 (2020/0104 (COD)).1 The numbering and the wording of the enacting provisions will change during the ongoing legal revision. Allocation key for ‘Recovery and Resilience Facility’ Under the first pillar of Next Generation EU the Commission is proposing a ‘Recovery and Resilience Facility’, with a budget of €560 billion. ευρώ, για την οικοδόμηση μιας πιο πράσινης, πιο ψηφιακής και πιο ανθεκτικής Ευρώπης), (Budget de l'UE: la Commission européenne salue l'accord conclu sur une enveloppe de 1 800 milliards € pour bâtir une Europe plus verte, plus numérique et plus résiliente), (Proračun EU-a: Europska komisija pozdravlja dogovor o paketu od 1,8 bilijuna eura za pomoć u izgradnji zelenije, digitalnije i otpornije Europe), (Bilancio dell'UE: la Commissione europea accoglie con favore l'accordo su un pacchetto di 1800 miliardi di € per contribuire a costruire un'Europa più verde, digitale e resiliente), (ES budžets: Eiropas Komisija atzinīgi vērtē vienošanos par 1,8 triljonu eiro paketi, kas palīdzēs veidot zaļāku, digitālāku un noturīgāku Eiropu), (ES biudžetas. Today’s agreement with the European Parliament on the Recovery and Resilience Facility is the last key element of the EU’s historic recovery package, Olaf Scholz, Germany's Federal Minister for Finance and Vice Chancellor stated. National leaders in the European Council have agreed that this funding shall effectively contribute to the “green and digital transition” and the European Green Deal. Bulgaria is set to receive € 6.2 billion in grants from the Recovery and Resilience Facility. Learn about the tendering process and opportunities for doing business with the European Commission. The German presidency and the European Parliament's negotiators today reached a provisional agreement on the Recovery and Resilience Facility. The Technical Support Instrument will assist EU countries to prepare their recovery and resilience plans, required to access funding from the Recovery and Resilience Facility. Grants worth a total of €312.5 billion will be provided to Member States under the Facility ... An allocation key will fix a maximum possible amount for the grant component of the Recovery and Resilience Facility per Member State. Ireland’s allocation under the 70% pot is €853m (2018 prices). The EESC: welcomes the proposed Recovery and Resilience Facility (the "Facility"); believes that the "Facility" should support the transition towards climate neutrality and digital economy via funds from Next Generation EU to help alleviate the socio-economic impacts of the transition in the regions most affected. Note: Total FTA funds allocated refers to FTA funds made available to the grantee for Hurricane Sandy Recovery Projects.No changes to funding allocations for Hurricane Sandy Competitive Resilience projects as of January 1, 2020. The Recovery and Resilience Facility: the centrepiece of NextGenerationEU with €672.5 billion in loans and grants available to support reforms and investments undertaken by EU countries. Recovery and Resilience Facility: allocation of grants. How will the Commission ensure that the allocation key is adjusted over time, taking the further impact of the COVID-19 crisis into account? The Recovery and Resilience Facility comes with a proposed budget of €560 billion, equipped with a grant facility worth up to €310 billion and able to make up to €250 billion in loans. EUR, der skal bidrage til opbygningen af et grønnere, mere digitalt og mere modstandsdygtigt Europa), (EU-Haushalt: Europäische Kommission begrüßt Einigung über ein Paket von 1,8 Billionen EUR zum Aufbau eines grüneren, digitaleren und widerstandsfähigeren Europa), (ELi eelarve: Euroopa Komisjon tunneb heameelt kokkulepe üle, millega eraldatakse 1,8 triljonit eurot keskkonnahoidlikuma, digitaalsema ja vastupanuvõimelisema Euroopa ülesehitamiseks), (Προϋπολογισμός της ΕΕ: Η Ευρωπαϊκή Επιτροπή χαιρετίζει τη σύναψη συμφωνίας σχετικά με δέσμη ύψους 1,8 τρισ. It provides financial support to EU countries to mitigate the social and economic impact of the COVID-19 crisis. How will the Commission take this into account? The EU long-term budget will continue to be financed through the well-known revenue sources of the EU budget: In addition, as of 1 January 2021, a new national contribution based on non-recycled plastic packaging waste will be introduced as a source of revenue of the EU budget. The proposed Recovery and Resilience Facility (the ‘Facility’) will offer large scale financial support for public investments and reforms that make Member States economies more resilient, and better prepared for the future. The Recovery and Resilience Facility will provide a total of €672.5 billion to support reforms and investments across the 27 EU Member States. The Recovery and Resilience Facility will provide an unprecedented €672.5 billion of loans and grants in front-loaded financial support for the crucial first years of the recovery.It is a temporary instrument (2021-2023 commitments) that will provide large-scale financial support to reforms and investments in order to mitigate the social and economic impacts of the crisis, … The core component of these grants — worth €312.5bn — has been dubbed the EU’s Recovery and Resilience Facility, and it is this that member states have been most focused on. To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe. Figure 25 – Recovery and Resilience Facility: National allocations for grants. The “Next Generation EU” recovery plan is the Union’s economic response to the Recovery and Resilience Facility (RRF) is the main instrument for financial support to Member States. The facility comes with a proposed budget of EUR 560 billion to help fund Member States’ recovery and resilience plans. The RRF will be the main implementing tool for the recovery instrument, channelling 80 % of NGEU grants and all NGEU loans. Finance Minister Paschal Donohoe said that Ireland will receive a fair share of the EU's exceptional Covid-19 Recovery and Resilience Facility of €673 billion. Anyone can benefit from the EU budget. * Funds were transferred to FRA to administer and are not included in subtotal amounts. For the Commission to start borrowing, all Member  States must ratify the new Own Resources Decision in line with their constitutional requirements. contributions from the Member States based on value added tax (VAT), contributions based on gross national income (GNI). Recovery and Resilience Facility – grants EUR billion 70% allocation p.m. 30% 2018 prices allocation - illustrative* (2021-2022 commitment) (2023 commitment) Austria 2.082 913 … EU heads of state or government reached a political agreement on the package. The Recovery and Resilience Facility will provide an unprecedented €672.5 billion of loans and grants in front-loaded financial support for the crucial first years of the recovery.It is a temporary instrument (2021-2023 commitments) that will provide large-scale financial support to reforms and investments in order to mitigate the social and economic impacts of the crisis, … In a new opinion published today, the European Court of Auditors (ECA) points to the importance of the national Recovery and Resilience Plans (RRPs) in making sure that the EU’s financial support is … The Recovery and Resilience Facility (RRF) will support Member States in absorbing the economic shock created by the COVID crisis and making their economies more resilient. With a financial envelope of €672.5 billion, the facility is the centrepiece of the Next Generation EU recovery instrument. It will make available €672.5 billion in loans and grants to support reforms and investments in Member States. 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