Spain will want all loans from European funds

As confirmed by the sources of the Ministry of Economic Affairs and Digital Transformation, the will of the Government Claim a total loan of 84,000 million Euros allocated to Spain.

For your request, the Executive has been working for months on the said supplement to the Recovery Plan to deliver this year and mobilize the 84,000 million euro loan, In addition to the complementary transfer allocation of 7,700 million euros.

Between transfers and loans related to European Next Generation EU funds, Spain has allocated a total of approximately 160,000 million euros for public investments up to 2026.

With the addendum to which the credits will be included, The government plans to strengthen the impact of the Recovery Plan from 2023 -only 70,000 million transfers are reflected-.

Given the current geopolitical context, investments should strengthen ongoing strategic projects and focus investments on strengthening the strategic autonomy of Spain and Europe in terms of energy, agri-food, technological and digital security.

Therefore, at the end of July, Nadia Calviño, First Vice-President and Minister of Economic Affairs and Digital Transformation, sent letters to the heads of governments of autonomous communities and cities to encourage their participation in the drafting of the new regulation. This annex to identify sectoral priorities and strategic projects to be strengthened by transfers and loans from European funds.

Contacts with political entities to prepare the agenda

Also, just this week, Calviño began contacts with parliamentary groups to prepare the appendix to the Recovery Plan..

Specifically, the first meeting was with PSOE spokesperson Patxi López on Monday, followed by a meeting with United We Can Parliamentary Group spokesperson Txema Guijarro on Tuesday and Basque spokesperson on Thursday. Group at the Congress of Deputies, Aitor Esteban.

Sources from the Ministry of Economic Affairs confirmed to Europa Press that it will continue to meet with parliamentary groups next week.

Progress in recovery plan

Speaking to the Economic Affairs and Digital Transformation Committee of the Congress of Deputies this week, Calviño reported that 66% of Next Generation EU funds budgeted for 2022 have already been authorized and the amount committed exceeds 53%, more than 18,000. Millions of euros have already been allocated to the autonomous communities to finance projects within their competence.

The autonomies that have received the most funding from the Recovery Plan so far are Andalusia (2,998 million euros), Catalonia (2,593 million euros), Madrid (2,003 million euros), the Community of Valencia (1,699 million euros), the Canary Islands (1,205 million euros) and Castilla. León (1,132 million Euros) and Galicia (1,092 million Euros).