Challenges Related to Implementation of the Recovery and Resilience Facility
Challenges Related to Implementation of the Recovery and Resilience Facility

Author(s): Melchior Szczepanik
Subject(s): Politics, Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: recovery; resilience facility; implementation; challenges; EU; economic policy;
Summary/Abstract: The Recovery and Resilience Facility (RRF) constitutes the core of the Next Generation EU recovery fund. It is to provide a financial impulse for stimulating growth and at the same time become a catalyst for economic transformation. Should these objectives be achieved, it could pave the way for financing larger EU undertakings through common debt more often. Implementation of the instrument will, however, be complicated by divergences between Member States concerning the adequate balance between fiscal support of the economy and reforms oriented at reducing spending.

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