The European Commission has urged EU governments to speed up their reforms and investments. This is to ensure they fully spend the billions of euros still available from the EU’s Recovery Fund before the August 2026 deadline.
Under the EU’s Recovery and Resilience Facility (RRF), member states have access to around 750 billion euros. This funding comes as grants and low-interest loans. The money is meant to help countries make their economies greener and more digital after the pandemic.
So far, the Commission has released 315 billion euros. This payout was made because governments met over 2,000 agreed milestones and targets tied to the funding.
The final deadline for completing all milestones and using the funds is August 31, 2026.
“With these deadlines fast approaching, and more than 335 billion euros in funding still available to Member States, it is vital to accelerate the implementation of the RRF,” the Commission said.
