Slow spending, some projects not feasible by 2026. Our country will not have time to complete all the planned works of the National Recovery Plan. The government plans to extend the deadline to 2029, using other community-funded programs. But we need the approval of Brussels
A year and nine months after Ursula Von der Leyen gave the green light to Italy’s National Recovery Plan, symbolically handing over to Mario Draghi, and three years and nine months after the last day when our country must do everything agreed with Europe, maybe we change .
Program to rewrite
The current government wants to rewrite the program that gives us the bulk of the Recovery Fund: 191.5 billion (plus 30.6 billion in national allocations), and has therefore been negotiating with Brussels for some time. A complex negotiation, because the Union has already made it clear that it would be a problem to go beyond 2026 to complete all the works. However, getting the amendments is not impossible as other states have made it even if they were countries with plans of entities not similar to ours.
Late releases, some works unrealizable in time
Italy, as historically happens with European resources, is lagging behind: so far we have spent only 6 percent of Pnrr money (12 percent if we also include tax credits and construction bonuses). To recover, we must accelerate this year already and – the Court tells us – commit almost 41 billion and even more (46.5 and 47.7) in the next two years. That is why Minister of European Affairs Raffaele Fitto speaks about some projects that cannot be carried out on time.
The goal: extending deadlines
We do not know how many and which works are involved, because the government still has to have the full picture and only then submit the amendment proposals to the European authorities. Fitto’s idea is to transfer some projects from the National Plan to other community programs that require a longer lead time: by 2029 instead of by 2026. Three more years to be on a train that we should not miss.
Source: TG 24 Sky
I am Lawrence Sickels and I work in the news industry. For the past few years, I have been writing for The News Dept, a web-based platform dedicated to providing readers with quality journalism. My main area of focus is covering economic news and business trends across the globe.
