NextGenerationEU and the National Recovery and Resilience Plan
The European Commission, the European Parliament and EU leaders have agreed upon a recovery plan that will help the European Union repair the socio-economic damage caused by the coronavirus health emergency and lay the foundations to make the economies and societies of European countries more sustainable, resilient and prepared for the challenges and opportunities of the ecological and digital transition: an investment in the future of Europe and its Member States to restart after the Covid-19 emergency.
With the start of the 2021-2027 programming period and the targeted reinforcement of the EU’s long-term budget, the focus is now on the new Cohesion Policy and on NextGenerationEU, a €750 billion temporary financial instrument designed to stimulate a “sustainable, uniform, inclusive and equitable recovery” to enable meeting unexpected needs. It is the largest ever EU-funded package aimed at boosting the economy.
The whole initiative of the European Commission relies on three pillars:
- Supporting Member States for investments and reforms
- Boosting the EU economy by stimulating private investment
- Drawing lessons from the crisis.
This is the context for the National Recovery and Resilience Plan, the tool that outlines the objectives, reforms and investments that Italy intends to implement through NextGenerationEU funds to mitigate the socio-economic impact of the pandemic and make Italy a fairer, greener and more inclusive country, with a more competitive, dynamic and innovative economy.
The actions are designed to overcome the socio-economic impact of the Covid-19 pandemic and build a new Italy, equipping it with the necessary tools to face the environmental, technological and social challenges of both today and tomorrow.
The Plan is broken down into 6 Missions, which cover the structural “thematic” areas of intervention.
- Digitalisation, innovation, competitiveness, culture, and tourism
- Green revolution and ecological transition
- Sustainable mobility infrastructure
- Education and Research
- Inclusion and Cohesion
- Health.
On 15 December 2021, the European Commission launched the Recovery and Resilience Scoreboard, a public online platform to track progress in the implementation of the whole Recovery and Resilience Facility (RRF) and individual national recovery plans.
The Recovery and Resilience Scoreboard website includes sections on the achievement of the Facility’s targets and objectives and disbursements. Furthermore, it provides specific data compiled by the European Commission – e.g. expenditure by sector, and a breakdown of green, digital and social expenditure under the Facility. The Scoreboard also provides qualitative information through thematic analyses of plan implementation within specific policy areas.
To access NextGenerationEU resources, Member States are called upon to define their national recovery plans, which will entitle them to receive funds under the RRF.
ITALY’s National Recovery and Resilience Plan
On 5 May 2021, the text of the National Recovery and Resilience Plan submitted by the Italian Government to the European Commission – titled “Italia Domani” (Italy Tomorrow) – was published on the website of the Presidency of the Council of Ministers. The Plan’s budget amounts to overall €235 billion, including both European and national resources.
On 22 June 2021, the European Commission published the proposal for a Council implementing decision, providing an overall positive assessment of Italy’s National Recovery and Resilience Plan. The proposal is complemented with a detailed analysis of the Plan (EC Working Document) – The European Commission approves Italy’s EUR 191.5 billion National Recovery and Resilience Plan.
On 13 July 2021, Italy’s Plan was definitively approved via Council Implementing Decision, which transposed the European Commission’s proposal. Attached to the Decision is an extensive annex (in Italian) defining, in relation to each investment and reform, precise objectives and targets as well as their related timeframes. Successful and timely achievement is necessary in order to receive, on a six-month basis, the allocated resources. Italy’s National Recovery and Resilience Plan – Ecofin’s green light to national recovery plans funded by NextGenerationEU (EU post-pandemic plan), including the Italian one.
#nextgenerationitalia
“Italia Domani” (Italy Tomorrow), the National Recovery and Resilience Plan
National Recovery and Resilience Plan – Financial Procedures Circular (26 July 2022)
National Recovery and Resilience Plan – 45 targets achieved in the first half of 2022 (29 June 2022)
National Recovery and Resilience Plan – June 2022 targets
National Recovery and Resilience Plan implementation measures – Insights from the website of the Minister for Southern Italy and Territorial Cohesion
Italia Domani #inFatti – National Recovery and Resilience Plan information now via e-mail
National Recovery and Resilience Plan, Italy gets first €21 billion instalment (14 April 2022)
National Recovery and Resilience Plan – Budget Law 2022 and sustainable development
Scheduled controls on State Administrations management for 2022 and 2022-2024
European Commission gives green light to the first €21 billion instalment (28 February 2022)
Monday 28 February 2022 at the Morlacchi Theatre with Minister Giovannini
NATIONAL RECOVERY AND RESILIENCE PLAN IMPLEMENTATION MONITORING – 25 February 2022
Operational arrangements between the European Commission and Italy
PROGRESS REPORT ON NATIONAL RECOVERY AND RESILIENCE PLAN IMPLEMENTATION (24 December 2021)
A new guide to “Italia Domani” by MEF – Ministry of Economy and Finance (15 October 2021)
“Italia Domani”, the National Recovery and Resilience Plan (3 August 2021)
Recovery Plan: “Italia Domani” Portal launched (3 August 2021)
“L’Italia riparte – Il Pnrr in sintesi – Linea Amica FORMEZ PA” (15 July 2021)
Ecofin’s green light to the National Recovery and Resilience Plan (13 July 2021)
“Bentornati al Sud!”: A video to relaunch Southern Italy (28 May 2021)
Video: National Recovery and Resilience Plan synthesis (5 May 2021)
Video: Focus on Mission 1 – Digitalisation, innovation, competitiveness, culture and tourism
Video: Focus on Mission 2 – Green revolution and ecological transition
Video: Focus on Mission 3 – Sustainable mobility infrastructure
Video: Focus on Mission 4 – Education and Research
Video: Focus on Mission 5 – Inclusion and Cohesion
Video: Focus on Mission 6 – Health
National Recovery and Resilience Plan: Government sent the text to Parliament (26 April 2021)
Recovery Plan – Piano per la ripresa dell’Europa
NextGenerationEU – Post-COVID19 Recovery Package (Infographic)
EU Budget 2021-2027 and Recovery Plan (Infographic)
Survey: Seven out of ten Italians are optimistic about the EU recovery plan (12 February 2021)
The EP gives green light to the €672.5 billion Recovery and Resilience Facility (10 February 2021)
Dossier by the Chamber of Deputies (26 January 2021)
NextGeneration-Italy, the plan to design the Country’s future (18 January 2021)
National Recovery and Resilience Plan approved by the Council of Ministers on 12 January 2021
National Recovery and Resilience Plan: Challenges, missions, actions (23 September 2020)
Recovery Fund and NextGenerationEU: Restarting after Covid-19 emergency (3 June 2020)
Dossier Correlati
Documento di Economia e Finanza (DEF) e Relazioni annuali sugli interventi nelle aree sott...
I Documenti di Finanza pubblica contengono le politiche economiche e finanziarie decise…
Condividi