The European Commission’s Committee has approved the delayed sixth and seventh payments from the Recovery and Resilience Plan for Slovakia. These combined installments total 1.2 billion euros, according to information released on Friday by the Office of the Vice Prime Minister for Recovery and Knowledge Economy of the SR (ÚPPV).
Signal of Progress in National Reforms
According to the ÚPPV, this approval serves as a signal that the implementation of required reforms and investments is proceeding according to plan and is delivering concrete results.
Tomáš Drucker, the Minister of Education tasked with leading the ÚPPV, emphasized that the primary objective is for Slovakia to secure all available funds from the plan. He stated that these resources will enable the continuation of essential investments in health and social care, as well as education, specifically focusing on schools and kindergartens for citizens nationwide.
Financial Timeline and Future Outlays
Slovakia may expect the combined payout of the sixth and seventh installments to arrive in early May. Once these funds are received, the country will have accessed more than 5.2 billion euros of the total 6.4 billion euro allocation.
To fully exhaust the available funding, the country plans to submit two final payment requests. These remaining requests, valued at approximately 1.2 billion euros, could be presented by the end of August.
Frequently Asked Questions
How much funding was approved in the latest decision?
The European Commission’s Committee approved the sixth and seventh payments totaling 1.2 billion euros.
When is the money expected to be paid to Slovakia?
The combined payment of these two installments may be expected in early May.
How much of the total Recovery and Resilience Plan funds will Slovakia have after these payments?
Slovakia will have access to more than 5.2 billion euros out of the total 6.4 billion euro package.
Do you believe these investments in education and healthcare will have a visible impact on your local region?
