Pnrr, the EU Commission paid Italy the first installment of 21 billion

The European Commission today paid Italy the first installment of 21 billion euros for the National Recovery and Resilience Plan, following the positive assessment of the payment request submitted by Rome at the end of December, which certified the achievement of the 51 objectives foreseen in the Pnrr for 2021. This was announced by the Mef. This installment, which follows the disbursement in August of 24.9 billion by way of pre-financing, has a total value of approximately 24.1 billion euro, with a portion of non-repayable contributions equal to 11.5 billion and one of loans equal to 12.6 billion. The amount actually paid of € 21 billion (divided between 10 billion in grants and 11 billion in loans) is net of a share that the Commission retains on each repayment installment, equal to 13% of the pre-financing received in August 2021 by the ‘Italy. The payment of the first installment of the NRP represents a further step in the process of implementing the investments and reforms envisaged by the Plan. These are interventions that will make it possible to accelerate the ecological and digital transition, strengthen the production system, modernize the public administration, reduce justice times and increase our country’s infrastructure equipment.