The Socialists and Democrats (S&Ds) group in the European Parliament has urged the European Commission to extend funding for ongoing projects under the Recovery and Resilience Facility (RRF) beyond the year 2026. The RRF is a significant EU funding program aimed at supporting member states in their economic recovery and transformation following the COVID-19 pandemic.
The S&Ds stress the importance of continuing financial aid for projects that are currently mature and underway to guarantee their successful completion and enduring positive impacts across Europe. They warn that halting funding after 2026 could jeopardize the progress made and diminish the beneficial effects already observed.
Significance of the Recovery and Resilience Facility
The RRF represents a vital investment in the future of the European Union, concentrating on:
- Innovation
- Sustainability
- Economic Growth
Extending the funding would help:
- Secure the achievements already attained
- Support long-term resilience in EU member countries
This appeal by the S&Ds comes amid ongoing discussions about the future EU budget and priorities for financing. For continued updates, stay tuned to Questiqa Europe News.
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