US EditionSpain Risks Losing EU Fisheries Funds Amid Spending Delays, Official Warns
6 Articles
6 Articles
The European Commission has cut Spain’s fifth payment of European funds by 1 billion, as confirmed by government sources.
The European Commission has decided to reduce the fifth payment of European funds belonging to Spain by just over 1.1 billion euros due to the failure to comply with some of the reforms - sites, in the Community slang - committed by the Government to Brussels. That is to say, the application of the tax on diesel, which is still stranded in the parliamentary process due to lack of support, as well as other measures linked to the temporaryity of i…
The Community Executive unblocks 24,137 million of the fifth payment, but reduces its amount due to the delay in the green tax reform and the reduction of interim payments
Seven months after Spain applied for the fifth payment of European funds 'Next Generation EU', for 25.1 billion euros, the European Commission has proposed this Monday to unblock the fifth disbursement, but for an amount (24.137 million) that is about one billion less than what was requested last December by the Spanish government (963 million less).
The Executive has not managed to push ahead with the increase in the diesel tax nor has it completed in time the digitization of regional and local entities. More information: Meloni achieves the disbursement of 73% of the funds Next Generation while Sanchez remains stuck at 30%
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