Minister of Finance: "The implemented plan “Next Generation Lithuania” is a success story for Lithuania"
The successful implementation of the Recovery and Resilience Facility (RRF) plan can undoubtedly be seen as Lithuania’s success story, with almost EUR 3 billion of European funds already injected into our economy and almost EUR 1 billion to be disbursed to Lithuania by the end of the year.
"This European funding is aimed at boosting Lithuania's economic growth, implementing social projects and structural reforms. And one of the most important tasks of the twenty-first Government is to ensure that these investments bring real benefits to every citizen of the country, improve the social environment even in the most remote areas, and give a boost to businesses and investments, especially in the regions," Minister of Finance Taurimas Valys states.
According to the Minister, the final implementation of the plan “Next Generation Lithuania” (NGL) is already in the finish line and we will submit the last payment request of almost EUR 1 billion to the European Commission in September. Thus, in December of this year, Lithuania will have reached the amount of EUR 3.8 billion of funds under the NGL plan.
“We are currently actively cooperating with the European Commission to successfully report on all the targets and milestones of the NGL plan and are informally reconciling the fulfilled milestones without waiting for September,” the Minister notes.
According to the data of the beginning of August, all 78 reforms provided for in the RRF plan have been implemented in our country, 186 out of 197 (94 %) targets and milestones have been fulfilled and verified by the CPMA. Only 11 investment milestones remain to be verified by the CPMA, and this will be done in the near future.
Lithuania’s final, seventh payment request will be submitted in September 2026, under which almost EUR 1 billion (995 million) are expected to be received. This amounts to EUR 562 million in grants and EUR 433 million in loans.
The plan “Next Generation Lithuania” (NGL) includes investments of EUR 3.8 billion (EUR 2.30 billion from the Recovery and Resilience Facility (RRF) subsidy funds and EUR 1.55 billion from the RRF loan funds). A unique feature of the plan is that we report to the European Commission and receive EU funds for the targets and milestones, including reforms, fulfilled.