The Ministry of Finance on Tuesday filed the third payment request under the Recovery and Resilience Plan (RRP) with the European Commission, said the Ministry in a press release.
The request is the third of a total of six payment requests. The total amount of the request is EUR 283 million, which is about 15 per cent of the total funding to be granted to Finland through the Recovery and Resilience Facility (RRF).
However, the Commission will deduct advance payments already received by Finland and administrative costs from this amount. This means that Finland can receive about EUR 245 million based on this request.
For the payment to be made, Finland must have met the milestones and targets set for the payment request in a manner approved by the Commission.
Finland received a total of about EUR 296 million in advance payments. The country received a net payment of EUR 202 million based on the first payment request and EUR 378 million based on the second.
The Commission has two months to assess Finland’s payment request.
The Commission will then publish a preliminary assessment of whether Finland has reached its milestones.
The EU Member States will decide whether to approve the payment request in a comitology procedure.
- Finland
- EU
- Recovery and Resilience Plan
- €283m
Source: www.dailyfinland.fi
