EU finance ministers to discuss Finland’s recovery plan
Minister of Finance Annika Saarikko will represent Finland at the video conference of EU finance ministers on Thursday 28 October.
All EU countries are required to present a national Recovery and Resilience Plan in order to receive funding from the EU’s Recovery and Resilience Facility. Finland submitted its Recovery and Resilience Plan to the EU on 27 May. The Plan is part of the Sustainable Growth Programme for Finland.
The European Commission published a positive assessment of Finland’s plan on 4 October. At the same time, the Commission issued a proposal for a Council Implementing Decision. The proposal includes milestones and targets, which will be used to monitor the implementation of Finland’s plan.
Council to approve plans after the meeting
In their video conference, the EU finance ministers will discuss the Recovery and Resilience Plans of Finland, Estonia and Romania. The Council of the European Union will approve the plans and implementing decisions by written procedure within a few days.
Finland is in favour of approving the plans for Estonia and Romania.
Once the Council adopts Finland’s Recovery and Resilience Plan, Finland will receive 13% of the EU funding for the plan, i.e. EUR 271 million at current prices. Parliament has adopted the third supplementary budget, which outlines the use of the funding this year. Next year’s EU funding is included in the Government’s budget proposal.
Marketta Henriksson, Head of Secretariat for EU Affairs, tel. +358 2955 30441, marketta.henriksson(at)gov.fi
Petra Schulze Steinen, Special Adviser to the Minister of Finance, tel. +358 40 671 7278, petra.schulze-steinen(at)gov.fi
Sustainable Growth Programme’s reforms and investments to start (press release 26 May)
Government budget proposal to build sustainable growth for the future (press release 9 September)