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NRRPs state of play as of 31 May 2021

NRRPs: state of play as of 31 May 2021 (€ billion, current prices)

NRRPs: state of play as of 31 May 2021 (€ billion, current prices)

Yet another picture emerges as a result of calculating the share of the maximum grant allocation in general government spending. Table 1 shows the figures based on general governmental expenditure in 2019 (prior to the pandemic). It illustrates the relative importance of this part of the RRF in the respective Member States. The three countries with the highest shares are Bulgaria (28.4 %), Croatia (24.7 %) and Greece (20.5 %), and the three with the lowest shares are Ireland (1.1 %), Denmark (1.0 %) and Luxembourg (0.4 %). It must, however, be noted that the RRF grants are allocated to the Member States until 31 December 2026, and the shares over the full period will thus be lower than for the illustrative example of 2019 (representing just one year).
In addition to the grants, the RRF makes available loans of a total of €385.8 billion (current prices) Within the ceiling of up to 6.8% of their 2019 GNI, Member States can request loans along with the submission of the national plans, and further loans (within the ceiling) can be requested until 31 August 2023. (Article 14 of the RRF Regulation). Table 1 shows the maximum loan available per Member State as well as the amounts actually requested in the plans submitted so far. Only six countries have opted for the RRF loan, namely Greece, Italy, Cyprus, Poland, Portugal and Slovenia.
The Member States are currently submitting their NRRPs to the European Commission. By early June 2021, 22 Member States had submitted their plans (see Table 1). Bulgaria, Estonia, Malta, the Netherlands and Romania had still to submit theirs. In Estonia and the Netherlands, the submission process was delayed by recent elections and new governments. Poland submitted its plan on 5 May 2021, but the government requested a one-month prolongation of the assessment of their plan. The majority of countries have requested support in the form of grants equal to the pre-allocated maximum amount. Some countries, however, have requested somewhat higher allocations. This can be explained by the fact that the maximum allocation is indicative and, as explained above, 30 % of it will be revised on the basis of updated statistics by 30 June 2022. This was the explanation used by Austria, which requested €1 billion more than the indicative maximum, referring on page 5 of its plan to the possibility that the final total grant allocation might change. Germany requested €27.9 billion whereas the pre-allocation amounts to €25.6 billion. According to the German plan, the difference (€2.3 billion) will be financed from national funds. The actual amount available to each Member State depends on the cost of the approved national recovery and resilience plan and will be specified in Council’s implementing decision.

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