The third installment of the National Recovery and Resilience Plan for Italy is released. The European Commission will disburse 18.5 billion euros instead of the planned 19, but the extant 500 million euros will only be diverted to the fourth installment. The announcement came yesterday afternoon in a note from Palazzo Chigi issued at the end of the PNRR Steering Committee meeting. The government explained that, after "an in-depth interlocution with the European Commission", it has submitted a request for an amendment that concerns student housing reform: this is the item related to the missing 500 million euros, which will be a new milestone in the fourth installment, at which the conditions and objectives of the measure will be clarified and some material errors corrected. In agreement with the EU Commission, Palazzo Chigi explains, the proposed changes will therefore have no impact on the total amount of payments Italy will receive in 2023 under the third and fourth installments (totaling 35 billion euros). The third installment will include 54 targets for 18.5 billion euros, and the fourth 28 targets for 16.5 billion. The total amount of 35 billion euros provided for in the PNRR in 2023 will be collected in full. With today's decision by the Steering Committee, the government will formally submit the proposal to amend the fourth installment to the European Commission. The proposal will be considered by the Commission itself and then by the Council of the European Union jointly with the other 10 proposals to amend the fourth installment already considered by the Steering Committee and submitted on July 11 to the Commission.
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