This European Commission delivered the third tranche of the Rescue and Resilience Fund to Spain this Friday. 6,000 million eurosafter completing the necessary milestones and reforms and obtaining the approval of Twenty-Seven.
This 6,000 million is thus added to: 31,036 million euros already receivedIncluding an advance of 9,036 million and 22,000 million of the first two tranches of this mechanism, which was created to help Member States recover from the Covid-19 pandemic, providing Spain with a total of more than 77,000 million euros.
With the payment to Spain this Friday, Brussels has already paid More than €150,000 million to Member States Within the framework of the Recovery and Resilience mechanism.
In this way, Spain became the first Member State to receive the third payment of ‘Next Generation EU’ funds after requesting it last November and completing the required 29 milestones and reforms.
This third payment bankruptcy law reform, modernization of the vocational education system, prevention of tax evasion and corruption and measures to encourage renewable resources, investments in sustainable transport or strengthening the health system, as well as the linkage of inclusion policies to the minimum income regime.
enactment of the reform law of agreementestablishing a second chance procedure and introducing a special procedure for micro SMEs, which reduces time and cost, and will be processed entirely electronically.
One of the milestones in the field of education is Entry into force of the Comprehensive Vocational Education System LawIts aim is to organize a system of vocational training and accompaniment that can flexibly respond to the interests and aspirations of people’s professional qualifications throughout their lives and the skills demanded by new productive and sectoral needs.
On the other hand, regarding pensionsReform of the Social Security contribution system for the self-employed was undertaken to gradually introduce a new contribution system based on real income.
The third payout included reform of the social security and pension contribution system for the self-employed, milestone 411, what the reform will do is to gradually change to 2032, to base the contribution base for the self-employed. on your actual income.
Spain now has to face Compliance with 58 milestones subject to the fourth payment, equipped with 10,000 eurosincluding four directly linked to pension system reform.