Lithuania is expected to receive a further 153 million euros from the European Union’s Recovery and Resilience Facility in June, Deputy Finance Minister Darius Sadeckas said on Wednesday.
"Under the sixth request, if the European Commission provides a positive assessment, we expect to receive 153 million euros in June after deducting advances," Sadeckas told the Seimas Audit Committee on Wednesday.
The government submitted the 153 million euro payment request to the European Commission in late March. It covers 18 milestones related to healthcare, sustainable electricity production, building renovation, public and private sector digitalisation, and the reduction of social exclusion and income inequality.
Sadeckas said the final Recovery and Resilience Facility payment request should be submitted by September 30. This request, covering both grants and loans, would amount to more than 1.1 billion euros before advances. To secure this payment, Lithuania must meet the remaining 68 milestones.
The deputy minister also said Lithuania plans to submit a final updated version of the New Generation Lithuania plan in May, which will adjust targets that are deemed unachievable.
According to Sadeckas, 28 of the plan's milestones are currently assessed as being at risk.
He said Lithuania has already implemented 77 out of 78 reform actions, with only the intercity transport reform remaining to be finalised, though the necessary legislation has already been passed.
In total, Sadeckas said 133 out of 197 milestones have been achieved, with 129 reported to the European Commission. Reports for the remaining 68 milestones are still pending.
To date, Lithuania has submitted six payment requests and received nearly 2.7 billion euros, representing approximately 70 percent of the total Recovery and Resilience Facility funding. About 2.4 billion euros, or 63 percent, has been disbursed to project promoters.
As of March 1, contracts worth 3.565 billion euros, or 93 percent of the plan's funds, had been signed. Lithuania has been allocated a total of approximately 3.85 billion euros in Recovery and Resilience Facility grants and loans.
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