Dáil Éireann Debate, Thursday - 1 April 2021
89. Deputy Michael Fitzmaurice asked the Minister for Finance the amount in grants Ireland will receive from the EU recovery and resilience facility; if the figure of 0.989 or 186 billion on Annex IV is accurate at time of passing the regulation; and if he will make a statement on the matter. [17797/21]
View answerAs the Deputy will be aware, on 21st July 2020, Heads of State and Government reached agreement on the €1.074 trillion Post-2020 Multiannual Financial Framework (MFF) and €750 billion recovery plan “Next Generation EU” (NGEU), totalling €1.82 trillion. The centrepiece of the NGEU is the Recovery and Resilience Facility, made up of €312.5 billion in grants and €360 billion in loans.
Under the Recovery and Resilience Facility, Ireland’s current grant allocation is €914.6 million (current prices). Under the Recovery and Resilience Facility regulation, 30% of the total grant element will be kept on hold until 2023, to then be disbursed to Member States using a revised allocation methodology based on actual GDP output. Latest Commission estimates suggest that this additional allocation to Ireland may be approx. €74.6 million (current prices), but this figure will not be confirmed until 2022.
