Dáil Éireann Debate, Tuesday - 28 July 2020
68. Deputy Catherine Murphy asked the Taoiseach the timeline, stages and deadline here for the development of the national recovery plan and associated application for grant funding under the EU recovery and resilience facility; and the proportion of such funding that will be used to support public expenditure on public employment, public services, capital projects and national infrastructure. [18874/20]
Amharc ar fhreagra71. Deputy Ged Nash asked the Taoiseach the timeline, stages and deadline for the development of Ireland's national recovery plan and associated application for grant funding under the EU Recovery and Resilience Facility; and the proportion of such funding that will be used to support public employment, public services, capital projects and national infrastructure. [18878/20]
Amharc ar fhreagraI propose to take Questions Nos. 68 and 71 together.
On 21 July the European Council agreed an ambitious recovery package, Next Generation EU, and the EU’s next seven year budget, the Multiannual Financial Framework 2021-2027.
The Recovery and Resilience Facility (RRF), comprising €672.5 billion, made up of €360 billion in loans and €312.5 billion in grants, is the largest part of Next Generation EU package of €750 billion. Under the RRF, Member States will prepare national Recovery and Resilience Plans setting out their agenda of reform and investment for the years 2021-23 for consideration by the Commission and subsequent approval by the Council.
It is anticipated that submission of National Recovery and Resilience Plans will be aligned with the European Semester process, with the precise timelines applying to be confirmed in the coming months.
