Gov't submits RRF plan to Brussels
The government submitted Hungary's Recovery and Resilience Facility (RRF) plan to the European Commission late Tuesday, state secretary for European Union developments Szabolcs Ágostházy told news agency MTI on Wednesday.
The RRF plan contains more than HUF 2.5 trillion of strategic development projects to be implemented over the coming six years, Ágostházy said.
About 34.1% of funding is earmarked for the healthcare system, while 25% will go toward environmentally-friendly public transport, and 20.4% will support education sector developments, including ones in higher education, primary and secondary education, vocational training and adult education, he said.
The rest of the funding will support the transformation to a circular economy, convergence in Hungary's most disadvantaged settlements, and environmental protection measures, he added.
Ágostházy said the RRF plan is "fully in line" with common EU goals: climate protection and digitalization developments are present in all areas.
He added that development areas had been adjusted to the government's own national strategic targets.
The government has decided, as have most other members states, that it will not call down credit available in the framework of the RRF for the time being, he said, adding that credit is still available until 2023.
Ágostházy said the government had conducted "intensive and constructive" talks with the EC on the RRF over the past eight months. Some 500 parties, including local government alliances, municipal councils, and business and social organizations, participated in public consultations on the RRF plan, he added.
The process of reviewing the RRF plan will take about three months from the time of its submission, he said. Talks will continue during that time to address technical issues, but no fundamental changes to the plan are expected to be necessary based on the negotiations so far, he added.
The government expects its RRF plan to be cleared in August, Ágostházy said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.