The fact that Italy's EU-funded
post-Covid national recovery and resilience plan (NRRP) is now
in full swing will have a positive impact on spending, European
Affairs Minister Raffaele Fitto said on Thursday.
"We have passed the phase of planning and tenders and are in
fact in the implementation phase of all interventions," Fitto
told reporters.
"This is a significant element that will have a very positive
impact on the overall spending figures," he added.
His comments came after a draft of the half-yearly
implementation report made public on Thursday said Italy had
spent in total 45.65 billion euros of allocated funding.
Italy's revised NRRP to make the economy greener, more modern
and less dependent on Russian fossil fuels is worth a total of
194.4 billion euro, of which 122.6 billion euro in loans and
71.8 billion euro in grants.
Late last year the country received the fourth installment of
payment worth 16.5 billion euro, taking to around 90 billion
euro the total amount paid out so far by Brussels.
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