![]() To help repay the grant portion of the borrowing, the Commission has proposed additional own resources (or sources of revenue) to the EU budget in 2021. ![]() The grants will be repaid by the EU budget. The loans will be repaid by the borrowing Member States. Repayment of EU borrowing allocated to NextGenerationEU will start as of 2028 and will take place over a long-time horizon – until 2058. Have a look here for an overview of the projects financed via the Recovery and Resilience Facility across the EU Member States. Live updates on reforms Member States have implemented and the funds they have received is available on the Recovery and Resilience Scoreboard. Part of the NextGenerationEU funds are being used to reinforce several existing EU programmes. Should Member States not request the full envelope of loans available under the facility, the remaining amount of loans will be used to finance REPowerEU, a programme to accelerate the EU’s green transition and reduce its reliance on Russian gas.įunds under the Recovery and Resilience funds are being provided to Member States in line with their national Recovery and Resilience plans – the roadmaps to reforms and investments aimed to make EU economies greener, digital and more resilient. These loans will be repaid by those Member States. ![]() Part of the funds – up to €338 billion – are being provided to Member States in the form of grants.Īnother part – up to €385.8 billion – funds loans to individual Member States. The centrepiece of NextGenerationEU is the Recovery and Resilience Facility - an instrument that offers grants and loans to support reforms and investments in the EU Member States for a total of €723.8 billion in current prices. Link to policy brief Use of NextGenerationEU proceeds To find out more about the first year of the programme and its impact on international capital markets, read the Commission's policy brief "The EU as an issuer: the NextGenerationEU transformation". The Commission's inaugural NextGenerationEU issuance took place in June 2021. NextGenerationEU is the EU's €800 billion temporary recovery instrument to support the economic recovery from the coronavirus pandemic and build a greener, more digital and more resilient future.
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