On Monday 26 April, the Italian Parliament examined the Italian recovery plan submitted to it the day before by Mario Draghi’s government, designed to repair the scars of the Covid-19 pandemic, promote territorial and social cohesion and support Italy in the ecological and digital transitions.
The plan, the result of intense discussions between Rome and the European level since last autumn, is expected to be adopted on Tuesday, before being formally transmitted to the European Commission by the end of the week, in line with the end of April deadline.
“For Italy, the Next Generation EU Recovery Plan represents an opportunity not to be missed for development, investment and reform. Italy must modernise its public administration, strengthen its productive system and step up efforts to combat poverty and social exclusion”, said Prime Minister Mario Draghi.
He stressed that his country will be the first beneficiary of the European Recovery Plan with an allocation of 191.5 billion euros (of which 68.9 billion euros in grants and 122.6 billion euros in loans) over the period 2021-2026 under the Recovery and Resilience Facility, the budgetary instrument at the heart of Next Generation EU. In addition to the Italian plan, national funding of 30.6 billion euros is provided. Thanks to the recovery plan, the Italian government hopes to increase growth by 3.6 percentage points by 2026.
The plan consists of six components: - digitalisation, innovation, competitiveness, culture (49.2 billion euros); - ecological transition (68.6 billion); - infrastructure for sustainable mobility (31.4 billion); - education and research (31.9 billion); - social inclusion and cohesion (22.4 billion); - health (18.5 billion).
See the Italian recovery plan (in Italian): https://bit.ly/3dSuUrb (Original version in French by Mathieu Bion)