NextGenEU: Commission positive about Belgium’s third payment request
Formally, it is still a wait for the advice of the Economic and Financial Committee, but the Commission is of the opinion that Belgium has fulfilled its obligations by making progress with the reforms and investments of the post-COVID recovery plan (NextGenerationEU).
This complete plan relies on 5.3 billion euros in European funding, mostly in the form of grants. After a “pre-financing,” that amount will be released in tranches, depending on the results Belgium achieves to make its economy greener, “more resilient,” and more sustainable. Among the objectives pursued this time were accelerating the procedures for obtaining a permit for a renewable energy project, rail investments, renovation of homes, and the creation of childcare places.
