Milan, 19 Sep. (LaPresse) – The funds from the Recovery and Resilience Facility, which in Italy finance the NRRP, “are based on performance, on performance, and not on costs. This means that Member States agree on the Recovery and Resilience Plans with a series of investments and reforms, while our role is to assess whether these investments and reforms have actually been achieved, therefore whether all milestones and objectives have been achieved, and, consequently, to disburse the payments. This may mean that the flow of payments may not be perfectly aligned with the flow of costs or the flow of expenditure in the Member State.’ EU Economy Commissioner Valdis Dombrovskis made this statement at a press conference on the sidelines of Ecofin regarding yesterday’s statement by Ministry of Economy and Finance Minister Giancarlo Giorgetti, who stated that part of the financial coverage for the measure to abolish the car tax came “from the unused NRRP,” meaning “savings that could not be relocated because, as is well known, the deadline for relocating them has expired.”
Car tax, Dombrovskis: “NRRP payments may not be cost-effective.”
Milan, 19 Sep. (LaPresse) – The funds from the Recovery and Resilience Facility, which in Italy finance the NRRP, “are based on performance, on performance, and not on costs. This means that Member States agree on the Recovery and Resilience Plans with a series of investments and reforms, while our role is to assess whether these investments and reforms have actually been achieved, therefore whether all milestones and objectives have been achieved, and, consequently, to disburse the payments. This may mean that the flow of payments may not be perfectly aligned with the flow of costs or the flow of expenditure in the Member State.’ EU Economy Commissioner Valdis Dombrovskis made this statement at a press conference on the sidelines of Ecofin regarding yesterday’s statement by Ministry of Economy and Finance Minister Giancarlo Giorgetti, who stated that part of the financial coverage for the measure to abolish the car tax came “from the unused NRRP,” meaning “savings that could not be relocated because, as is well known, the deadline for relocating them has expired.”