Mairead Farrell (Galway West, Sinn Fein)
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310. To ask the Minister for Public Expenditure and Reform the reason that Ireland has not yet submitted a payment request from the Recovery and Resilience Fund. [8124/22]

Michael McGrath (Cork South Central, Fianna Fail)
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Ireland submitted its draft National Recovery and Resilience Plan to the European Commission on 28 May 2021. On 16 July 2021 the Commission issued its positive assessment of the Plan. The Plan was then considered by ECOFIN on 6 September 2021, and a Council Implementing Decision was adopted by written procedure on 8 September 2021.

Now that the Implementing Decision has been adopted by the Council, the Plan will be the subject of a Financing Agreement between the Commission and Ireland.

In line with the terms of the Plan, Ireland will make annual payment claims to the Commission over the period 2022 to 2026 to take account of milestones and targets set down in the Plan. These claims are expected to be made in the fourth quarter of each year.