Hungary's National Recovery and Resilience Plan: Latest state of play
Under the Recovery and Resilience Facility (RRF), Hungary was allocated €5.8 billion in the form of grants. This amount reflects the European Commission's revision applied in June 2022 to all EU Member States, as the initial Hungarian national recovery and resilience plan (NRRP) was only approved past that date, at the end of 2022. In August 2023, the country submitted a modified NRRP in order to make changes to several measures due to objective circumstances, and to include a new REPowerEU chapter worth €4.6 billion, of which €3.9 billion is to be financed with RRF loans. The modified NRRP, approved at the end of 2023, amounts to €10.4 billion in RRF funding, or 7.1 % of the country's gross domestic product (GDP) in 2019 and 1.4 % of the RRF. RRF funds have to be paid out by the end of 2026. Hungary has so far received only REPowerEU pre-financing worth €0.92 billion (€0.14 billion in grants, €0.78 billion in loans), with €9.5 billion still available. The modified plan includes a broad investment- and reform-oriented programme to increase the Hungarian economy's resilience and sustainability. It strengthens the focus on the green transition, allocating 66.9 % of available funds to measures supporting climate objectives (up from 48.1 % in the original plan). The measures in the REPowerEU chapter strongly contribute to this, with 91.7 % of their total estimated costs attributed to climate objectives. They aim to help address key energy challenges for the country, and to increase its potential for energy savings and renewables. The revised plan's digital ambition remains high (29.1 % of the allocation, or 52.1 % when excluding the REPowerEU chapter, to which the digital target does not apply), and it retains a strong social dimension. Hungary's 27 'super milestones', intended to ensure the protection of the EU's financial interests and strengthen judicial independence, remain unchanged in the revised plan. This means that no disbursement following a payment request under the RRF is possible until Hungary has satisfactorily fulfilled those 'super milestones'. This briefing is one in a series covering all EU Member States. Second edition. The first edition was drafted by Monika Kiss and Balázs Széchy. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.
Briefing
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Ámbito político
Palabra clave
- análisis económico
- construcción europea
- contabilidad nacional
- 䰿Í
- encuesta económica
- Europa
- ҷҸ鴡Í
- geografía económica
- geografía política
- ܲԲí
- independencia económica
- política internacional
- producto interior bruto
- programa de la UE
- recuperación económica
- RELACIONES INTERNACIONALES
- situación económica
- situación económica
- UNIÓN EUROPEA