2021.05.17 09:58

Lithuania hands in national economic recovery plan to EC

BNS2021.05.17 09:58

The European Commission has received Lithuania’s official 2.2-billion-euro national economic recovery and resilience plan, the European Commission Representation in Vilnius has reported.

The plan outlines reforms and public investment projects that will be implemented using support provided under the European Union’s Recovery and Resilience Facility (RRF).

Lithuania’s plan has been structured around seven components: a resilient health sector, green and digital transitions, high quality education, innovation and higher education, efficient public sector, and social inclusion.

The Commission will assess the plan within the next two months based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts.

The Commission will also assess whether the plan dedicates at least 37 percent of expenditure to investments and reforms that support climate objectives, and 20 percent to the digital transition.

The Commission has now received a total of 17 recovery and resilience plans, from Belgium, Denmark, Germany, Greece and other countries.

The Finance Ministry earlier said that the Commission would have two months to formally assess the plan and, if there were no comments, would refer it for approval to the European Council, which would have one month for the procedure.

According to the Finance Minister, the Council was likely to approve national plans in July.

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