Friday. 02.12.2022
ECONOMY

Finland delays sending recovery plan to Brussels until May

The final version of the plan was due to be presented to the EU on 30 April, but now the finance minister says the government needs "additional time."
Minister of Finance Matti Vanhanen. Photo: Jussi Toivanen/Vnk.
Minister of Finance Matti Vanhanen. Photo: Jussi Toivanen/Vnk.

The ministerial working group on sustainable growth for Finland decided on Tuesday 13 April that the final version of Finland’s Recovery and Resilience Plan will be submitted to the European Union in May, the Ministry of Finance said in a press release.

All EU countries are required to present to Brussels a national Recovery and Resilience Plan in order to receive funding from the EU’s Recovery and Resilience Facility, created to finance the costs of the crisis caused by the coronavirus pandemic.

Finland’s plan will form part of the Sustainable Growth Programme for Finland.

According to government information, the preliminary version of Finland's Recovery and Resilience Plan was completed on 15 March. But for reasons not sufficiently specified, the Government has decided not to send it.

Additional time

"The final version of the Plan was to be submitted to the EU on 30 April, but the ministerial working group has decided to change the timetable," the Ministry of Finance says.

“Discussions with the European Commission have progressed well but are still in progress. A lot of technical work is involved, so completion of the final Recovery and Resilience Plan will require some additional time,” says the chair of the ministerial working group, Minister of Finance Matti Vanhanen.

Finland delays sending recovery plan to Brussels until May
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