2023-07-14 04:00:34
14 July 2023 Today at 06:00
An adjusted recovery plan will be submitted on July 20, the request for payment of the first installment is for mid-September, and that of the following for February.
It was a visibly relieved Secretary of State for Recovery who took stock, this Thursday, with a few journalists, of the recovery plan. “We’ll be able to execute this plan volle petroland Belgium will regain its place in the European front runners, as it was initially,” he summarizes.
At this stage, 79% of the credits linked to the European funds of the recovery plan have already been committed, and 44% have been liquidated.
“We will be able to carry out this volle petrol plan and Belgium will regain its place in the front runners.”
Thomas Dermine (PS)
Secretary of State for Recovery
Request for payment mid-September
And, now that the De Croo government has agreed on a series of measures around pensionsBelgium will officially send, mi-september, to the European Commission, the request for payment of the first installment of its recovery plan, which amounts to 850 million. A request which, initially, was expected for mid-December 2022.
THE two more milestones which remained to be finalized, namely the collection of Flemish data in the UBO register and coordination between entities to avoid double funding, will be completed in the next few days and weekssays the firm Dermine.
Will Europe be satisfied pension measures which, in the end, reduce 0.2% you PIB aging-related expenditure by 2070? Thomas Dermine wants to believe it. “Belgium’s four commitments to Europe have been met: improving the sustainability of the system, encouraging seniors to stay active longer, increasing solidarity and gender balance, and ensuring convergence between different pension systems. The Commission’s verdict is expected at the end of November.
A suitable wing
But before that, Belgium is going to submit to the European Union a adjusted recovery plan. The point is on the federal government’s agenda for this Friday and the plan will be sent on July 20 at the latestsays Thomas Dermine.
As a reminder, this adjustment is necessitated by the fact that Belgium will not ultimately receive 5.9 billion in European funds, but 4.5 billion, because the post-covid economic recovery has been faster than expected. A part could be compensated by loans, still as part of the recovery plan European, for 49 million euros, but also by grants and loans linked to REPowerEUthe plan to gain energy independence, for 725 million.
Some projects have slipped from one envelope to anotherothers are now equity financed by the Federal or the federated entities, still others have seen their reduced budget, but very few investment projects had to be abandoned. “At the Federal level, only one project has been removed from the plan, support for the space industry, which is now funded by the European Space Agency”, welcomes Thomas Dermine.
New projects
Some projects have slipped from one envelope to another, others have been scaled back, but very few have been abandoned.
Two New projects have even been integrated into the recovery plan in the strict sense: Smeld, an oven to support nuclear dismantling, and a nuclear medicine project where a molecule associated with an isotope will make it possible to both detect and treat cancers. A series of new projects have also been added to the REPowerEU component, whether in building renovation, renewable energy or decarbonization of industry and mobility.
Belgium hopes to be able to introduce simultaneously, in February 2024, the request for payment of the second installment the recovery plan (850 million also) and the third (640 million). “The vast majority of the measures related to it have already been carried out, and the others are on the right track”, assures the Dermine cabinet.
The summary
Now that the De Croo government has agreed on pensions, Belgium will send the payment request for the first tranche of its recovery plan in mid-September. Before that, i.e. July 20 at the latest, it will submit its adjusted plan to Europe. And, in February 2024, Belgium hopes to be able to simultaneously submit the request for payment of the second and third tranches of the plan. It was the case initially”, rejoices the Secretary of State for Recovery Thomas Dermine.
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