Recovery plan has five priorities, green economy will get the most money

The proposed plan will undergo interdepartmental review now.

Finance Minister Eduard HegerFinance Minister Eduard Heger (Source: SITA)

The Next Generation EU plan that Slovakia will submit to the European Commission focuses on five main priorities. The most money, €2.17 billion, should be poured into a green economy.

The plan, sent by the Finance Ministry, will now undergo an interdepartmental objection procedure. The deadline for sending it to the commission is April 30. Slovakia could draw €6 billion, the TASR newswire wrote.

Plan has five main priorities

Aside from creating a green economy, another priority highlighted in the plan is the improvement of the healthcare field with a sum of €1.45 billion.

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Effective public administration should see €1.03 billion, education should get €800 million, and science, research and development should receive €700 million. The plan is divided into 18 parts, so-called components, that include reforms and investments of an overall value of €6 billion.

The educational field consists of three components, for example. Availability, development and quality of inclusive education should get €150 million, education for the 21st century has been allocated €450 million and €200 million will be spent on increasing the performance of universities.

Modern healthcare and green economy

Modern and available healthcare should receive €1.1 billion, long-term care should be supported with €250 million and mental health care with other €100 million.

Restart of Slovak economy should be green Read more 

Green economy includes €220 million in renewable sources of energy, €700 million in the renewal of buildings and €750 million in sustainable transport. €350 million should go towards the decarbonisation of the industry and €150 million should go to the adaptation to climate change.

The renewal plan also focuses on ensuring an effective state and digitalisation. This includes a planned allocation of €10 million for the improvement of the business environment, €240 million for justice reform and €200 million for the fight against corruption and protection of inhabitants. Digital Slovakia should see an allocation of €580 million.

The field of science, research and innovation includes two components. One of them is effective management and the strengthening of science, research and development financing, which should receive €600 million. A sum of €100 million will be spent on attracting and keeping talents in Slovakia.

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