El Plan de Recuperación entra en su recta final con 25.800 millones en juego para España

The final stretch of Spain's €25.8 billion Recovery Plan is underway with just two weeks remaining to meet all the remaining milestones and objectives. Just 15 days separate Spain from completing the ambitious EU-backed plan, which was agreed upon in July 2020, though the funding distribution began in 2021. Italy and Spain are the two European Union members most benefiting from this scheme.

September 30 is the last date for requesting the final disbursements, with the maximum deadline being September 30. Spain finds itself in a race against the clock, aiming to extract the maximum benefit from this historic opportunity.

Since June 2021, Brussels has given the green light to Spain's Recovery Plan, and the nation has received €78 billion in European funds (between grants and loans) - making up 76.5% of the total resources allocated to the country. This leaves around €25.8 billion still up for grabs - specifically, €21.462 million in direct transfers and €4.4 billion in credits.

The task at hand is clear, but so is the urgency. With only 148 milestones and objectives left to fulfill, the Spanish government insists that all commitments are on track for a timely completion. The aim is to surpass €100 billion in European injections to the Spanish economy between 2021 and 2026.

As of the latest update, the executive machinery is working overtime to prepare the seventh and final disbursement request, which will include the remaining €25.8 billion. This encompasses three outstanding milestones tied to the sixth tranche, which the Commission has already deemed satisfactory.