The Spanish government leads in receiving the grant part of European funds, having already completed three payments from Brussels worth €37 billion, but it is the twelfth in terms of execution capacity. Over the two-year period 2021 and 2022, Spain has barely executed 10.4 % of the €70 billion it has pre-allocated, which places it in twelfth place in the European Union. The European Commission has published the Staff Working…

The European Parliament’s budget control committee is arriving in Spain to find out how the government is managing and spending European funds. A long-awaited mission that is keeping the government, which has just received the go-ahead from Brussels to receive a further 6 billion euros, on tenterhooks. The aim of the mission is to investigate how the government has managed and spent the money. But not all of it, but…

Pedro Sánchez has managed to get the European Parliament to introduce a last-minute amendment to the regulation that establishes the conditions for granting funds to member states. The amendment, which according to sources in the European Parliament “makes it possible to continue receiving NextGenerationEU funds even if the government fails to fulfil its commitments to Brussels”, corrects the text drafted by the European Commission, according to the Spanish daily El…

According to the newspaper El Economista, the more than 14 months that have passed since the government approved its Recovery Plan, backed by European Next Generation aid, is now sufficient time to make an initial assessment of the management of the aid. There is an absence of official statistics on the funds that reached their final recipients. However, a comparison of EU statistics and the most recent statistics from the…

This approval will allow Spain to receive as early as next month, after Ecofin’s approval, 9 billion euros as an advance on the 69.5 billion requested. (The rest of the NGEU funds allocated to Spain, up to 140 billion euros, are loans and have not been considered for the time being).According to Brussels’ calculations, Spain should receive another 10 billion euros before end-2021, although this delivery will be subject to the fulfilment of almost fifty objectives. After that, Spain will be able to release new tranches every six months, as it meets a series of targets agreed with the European Commission.