Govt' approves recovery plan

The government on Thursday approved the country's updated Recovery and Resilience Plan, said an official press government press release.

The Recovery and Resilience Plan is part of the Sustainable Growth Programme for Finland, which will boost reforms and investments. The financing for the Plan comes from the EU Recovery and Resilience Facility (RRF).

Last June, the European Commission updated information on how much aid Member States can receive from the Facility. Finland’s share of the financial aid decreased because the Finnish economy had recovered better than expected.

The Ministerial Working Group on Sustainable Growth in Finland outlined in June how Finland's Recovery and Resilience Plan will be updated to reflect this change. Finland then negotiated on technical changes with the European Commission.

The Government approved Finland’s proposal for the updated Plan on 26 January, and the Ministry of Finance delivered it to the EU.

The European Commission will assess the updates and the Council of the European Union will then approve them.