Hungary submits official recovery and resilience plan
It is structured around green transition, healthcare, research, digital, cohesion and public administrationEuropost , Brussels
The Commission received on Wednesday an official recovery and resilience plan from Hungary. It sets out the reforms and investment projects that country intends to implement with the support of the Recovery and Resilience Facility (RRF).
Hungary has requested a total of €7.2bn in grants under the RRF and for the time being will not use loans under the instrument.
The presentation of the plan follows intensive dialogue between the Commission and the Hungarian national authorities over the past months.
The Hungarian plan is structured around the key policy areas of green transition, healthcare, research, digital, cohesion and public administration.
It also includes measures in sustainable transport, energy transition and the circular economy. Projects in the plan cover the entire lifetime of the RRF until 2026. The plan proposes projects in five of the seven European flagship areas.
The Commission will assess the Hungarian plan within the next two months based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts. It will also assess whether the plans dedicate at least 37% of expenditure to investments and reforms that support climate objectives, and 20% to the digital transition.
The Council will have four weeks to adopt the Commission proposal and its approval would pave the way for the disbursement of a 13% pre-financing to Hungary.
The RRF is the key instrument of NextGenerationEU. It will provide up to €672.5bn to support investments and reforms, of which €312.5bn in grants and €360bn in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis, and securing the green and digital transitions.
The Commission has received a total of 15 recovery and resilience plans and will continue to engage intensively with the remaining Member States to help them deliver high quality plans.