Author (Person) | Jochheim, Ulrich, Mildebrath, Hendrik Alexander |
---|---|
Author (Corporate) | European Parliament: European Parliamentary Research Service |
Publisher | European Parliament |
Series Title | EPRS Briefings |
Series Details | PE 698.849 |
Publication Date | June 2024 |
Content Type | Report |
Summary:Germany was originally entitled to a maximum financial contribution of €25.6 billion in grants from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. The national recovery and resilience plan (NRRP) for Germany does not include requests for loans. Updated on 30 June 2022, the maximum financial contribution increased to €28.02 billion. This amount corresponds to 3.9 % of the entire RRF and to 0.7 % of Germany's 2019 gross domestic product (GDP). On 15 September 2023, Germany submitted a payment request and a modified NRRP based on this increased allocation with the aim of accelerating its green and energy transition and addressing current challenges. For most of the measures, additional funding will also come from national sources. There is a strong focus on the green transition. Measures relating to climate protection – including key actions on mobility and housing – were projected to receive at least 42 % of the allocation in the initial version of the plan. The modified NRRP increases this level of ambition to 47 % of the updated allocation. The German NRRP shows an even stronger digital ambition, reaching at least 48 % of the allocation in the modified version and ranging from industry, to education, social policy and healthcare, to public administration. On 30 April 2024, Germany requested a new revision of its plan, to add an energy-focused REPowerEU chapter worth an additional €2.3 billion in grants. Germany has so far received €6.25 billion from the RRF in the form of pre-financing and the payment of the first instalment. The remaining 77.7 %, or €17.8 billion, will be paid in other four instalments once Germany has satisfactorily fulfilled the related milestones and targets identified in relation to RRF implementation. The European Parliament, which was a major advocate for creating a common EU recovery instrument, participates in interinstitutional cooperation and discussions on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Second edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans. This briefing is part of the series Next Generation EU (NGEU) delivery –How are the Member States doing? |
|
Source Link |
Link to Main Source
https://www.europarl.europa.eu/thinktank/en/document/EPRS_BRI(2021)698849
Alternative sources
|
Subject Categories | Culture, Education and Research, Economic and Financial Affairs, Employment and Social Affairs |
Subject Tags | Recovery and Resilience Plan |
Countries / Regions | Germany |
International Organisations | European Union [EU] |