Spain and Romania see lowest fund absorption in EU, Daniel Kral notes

Spain and Romania see lowest fund absorption in EU, Daniel Kral notes
Spain and Romania lag in EU recovery fund

Spain and Romania have the lowest absorption rates of the pandemic-era Recovery and Resilience Facility among European Union member states, each with less than 50%, while Hungary stands out at just 10%, having had its funds frozen until a few months ago.

Daniel Kral highlighted that Poland improved its absorption rate after its funds were unfrozen. No further details were provided about other countries’ rates or factors contributing to the differences.

Daniel Kral previously noted that small South European economies have achieved historic public debt reductions driven by fiscal discipline and growth, according to a recent report. He also reported that the IMF projects government revenue will rise by over 6 percentage points of GDP above 2019 levels by the end of the decade in a separate update. These trends provide context for ongoing fiscal and funding developments across EU member states.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.