At the end of July the European Commission approved the proposed changes relating to the fourth instalment
Today the directors general of the Treasury meeting in the Economic and Financial Committee will decide on the third 18.5 billion installment of the Pnrr. If the opinion is positive, the disbursement of the resources should arrive as early as the beginning of October. On September 14th there will be an important step for the fourth instalment: the Council will have to approve the proposed executive decision which formally accepts the change in objectives. From the following day Italy will be able to forward the payment request and start the assessment.
The bureaucratic process
Italy should obtain a total of 35 billion euros, between the third and fourth instalments. At the end of July, the European Commission approved the preliminary positive evaluation regarding the achievement of the objectives of the third installment and approved the proposed changes relating to the fourth instalment. The process at this point includes the meeting of the Economic and Financial Committee (CEF) today, while on 14 September the EU Council will definitively decide on the changes relating to the fourth instalment. At this point, as explained by the minister for relations with parliament Luca Ciriani “it will be possible to present the request for payment of the fourth installment of 16.5 billion euros starting from 20 September, allowing its disbursement by the end of 2023 ”.