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The government requests the third disbursement of the recovery plan worth 6,000 million euros


The government has formally requested the third disbursement of the Recovery and Resilience Mechanism for a value of 6,000 million euros, related to the fulfillment of 29 milestones and goals (23 milestones and 6 goals) completed in the first semester of 2022.

The request has been sent on Friday and prepared by the General Secretariat of the European Funds, which depends on the Ministry of Finance and Public Administration. Thus, Spain became the first Member State to request the third disbursement and the most advanced country in the implementation of the Recovery, Transformation and Resilience Plan (PRTR).

This payment request continues the correction process that has already started. The Ministry of Finance highlights among them the implementation of the reform of the bankruptcy law, which establishes a second chance procedure and a special procedure aimed at micro-SMEs that reduces its duration and costs and will be processed in its entirety. Through electronic..


Another “phase” mentioned by the Treasury is in the education sector. And that includes the implementation of the Law on Comprehensive Vocational Training System. It aims to regulate vocational training and support systems capable of responding flexibly to people’s interests and vocational qualification aspirations throughout their life and to the skills demanded by new product and sector needs.

In terms of pensions and social security, progress has been made such as reforming the social security contribution system to gradually introduce a new contribution system based on real income for self-employed workers.

This payment request also indicates progress in R&D projects in the automotive sector favoring the development of components and platforms for electric vehicles, plug-in hybrids and hydrogen-powered vehicles or autonomous driving, among others.

In addition, among the objectives of this payment request, the strengthening of the fight against forest fires is also addressed, including the modernization of aircraft for firefighting.

Improvement in minimum income access rate

From the point of view of social cohesion and equality, this third distribution includes projects to promote equality in action and play to improve the rate of access to minimum vital income. Investments are also made in the field of culture, with support for the digitization of cultural services in the Prado National Museum, the Reina Sofia National Art Center Museum, the National Library and the INAEM.

From now on, the European Commission will have two months to analyze and verify the documents submitted by the government for distribution, according to Article 24 of the Recovery and Resilience Mechanism Regulation.

This 6,000 million euros will be added to the 31,036 million euros already received, of which 9,036 million euros as pre-financing and 22,000 million euros related to the first and second disbursements.

If a positive evaluation is received by the European Commission, Spain will have already met 121 of the 416 milestones and objectives, equivalent to almost 30% of the total milestones and objectives.

Source: eldiario.es/

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