(MULTI) (PDF) – Financing the recovery plan for Europe | Directorate-General for Budget


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To finance the necessary investments, the Commission will issue bonds on the financial markets on behalf of the EU. To make borrowing possible, the Commission will amend the Own Resources Decision and increase the headroom – the difference between the Own Resources ceiling of the long-term budget (the maximum amount of funds that the Union can request from Member States to finance its expenditure)
and the actual spending. With the headroom as a guarantee, the Commission will raise funds on the markets and channel them via Next Generation EU to programmes destined to repair the economic and social damage and prepare for a better future.

Available in all the official languages of the EU

PDF file, 3 pages


via Financing the recovery plan for Europe – Publications Office of the EU

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