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Gentiloni: 'To date 225 billion of the Next Generation EU have been disbursed'

2024-02-21T11:14:30.832Z

Highlights: Gentiloni: 'To date 225 billion of the Next Generation EU have been disbursed' "We expect 54% of targets and objectives achieved by 2024" (ANSA) "To date, almost 225 billion euros have beendisbursed to support EU economies" "The lessons we have outlined should be understood starting now. The PNRR is just under three years old and in many respects the second half of its life will be more challenging than the first"


"We expect 54% of targets and objectives achieved by 2024" (ANSA)


"To date, almost 225 billion euros

have been disbursed

to support EU economies."

Economy Commissioner

Paolo Gentiloni

said this when presenting the

interim evaluation

of the recovery and resilience device.

"As of February 1, the Commission assessed 1,153 out of 6,266 goals and objectives as satisfactorily achieved (18%) - he added - and Member States reported the completion of another 1,238 intermediate and final goals (38%)".

"We expect - he concluded - that

more than half

(54%) of all goals and objectives will be

completed

by the end of

2024

". 

The interim evaluation of the Recovery and Resilience Facility "showcases the progress made so far with the Pnrr, and there has been a lot of it. Of course there is always room for improvement", continues Gentiloni.

“The lessons we have outlined should be understood starting now. The PNRR is just under three years old and in many respects the second half of its life will be more challenging than the first, as investments reach a critical stage in their implementation ". 

The Commission's economic modeling suggests that Next Generation EU has the potential to increase the

EU's real GDP by up to 1.4%

in 2026, compared to a situation without the instrument.

In 2022 the estimated additional growth was 0.4%, compared to the 1.9% expected in 2020. The figure does not, however, include the expected stimulus of reforms, which takes place in the long term and which the Commission is expected to have a "significant impact".

Source: ansa

All news articles on 2024-02-21

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