Spain will take 7,700 million euros more in grants initially allocated through the Next Generation EU programme, as confirmed this Friday by European Commission. The reason is because low growth It broke a record after the slowdown in the economy as a result of the covid-19 pandemic, which caused Brussels to update its calculations. This means that Spain will receive in total 77,234 million euros In non-refundable transfers compared to the originally planned 69,500 million.
However, to access additional funds, government Pedro Sánchez should send an addendum to the Community Manager to the recovery plan where he explains which new reports and reforms he will allocate the additional money allocated by the EU under the Next Generation EU programme. According to the updated data, Spain will benefit most from the transfer item, which will total 338,000 million. It is located behind Italy with 69,041 million, France with 37,458 million, Germany with 28,025 million and Poland with 22,526 million.
The additional amount of 7,700 million eventually allocated to Spain is between 4,000 and 6,000 million, higher than what was accepted in official sources a few weeks ago.