Hungary's Recovery Plan was submitted to the European Commission on 11 May 2021. The European Commission has received an official Hungarian plan for the use of the recovery fund.
Ursula von der Leyen, President of the European Commission, said in a Twitter message that the reforms and investments planned by Hungary are organized around the key policy areas of green transition, health, research, digital economy, cohesion and public administration.
The EU committee added in a statement that the Hungarian plan also outlines measures in the fields of sustainable transport, energy transition and the circular economy.
It was said that in the next two months, the European Commission will evaluate the Hungarian plan on the basis of the eleven criteria set out in the instrument regulation. The evaluation will also review whether the plan contributes to effectively addressing all or a significant part of the challenges identified in the so-called European Semester country-specific economic recommendations.
The EU committee will also examine whether, according to the plan, Hungary will spend at least 37 percent of its expenditures on investments and reforms in support of climate policy objectives, and 20 percent on the digital switchover. Following the evaluation, the Council of the European Union has four weeks to adopt the Commission's proposal for the plan. If the plan is approved by the Council, the way will be opened for Hungary to receive 13 percent pre-financing. However, its disbursement also depends on the entry into force of the EU's own resources decision, which must first be approved by all Member States, they said.
In addition to the Hungarian plan, the EU committee has so far received national plans from 15 member states. The planned projects cover the entire lifetime of the Union's so-called Recovery and Resilience Building Facility, ie the entire period up to 2026.
The EU instrument is planned to play a key role in getting Europe out of the coronavirus crisis and in making the green and digital switchover, they said.
The EU funding instrument is a key element of the Next Generation EU recovery package. The facility provides € 672.5 billion to support investment and reform at 2018 prices. The amount consists of EUR 312.5 billion in grants and EUR 360 billion in loans.
Sources:
https://www.palyazat.gov.hu/helyreallitasi-es-ellenallokepessegi-eszkoz-rrf