As Finance Ministry officials race to make sure that Greece makes maximum use of the European Union funds made available through the Recovery and Resilience Facility (RRF), they are on the lookout for new sources of funding for the public investment program.
Some funds will come from the national budget. But it is obvious that the bulk will again have to come from the European Union, just from different sources.
The RRF funds earmarked for Greece are €35.95 billion, of which €18.22 billion are in direct grants and €17.73 billion in loans. So far, Greece has got €24.63 billion (€12.93 billion in grants and €11.70 billion in loans). Significant sums are approved but still pending and the ministry must submit the final funding request by the end of September. Overall, RRF will disburse a maximum €11.32 billion (€5.29 billion in grants and €6.03 billion in loans) by the end of the year.
Some €2 billion in loans have been directed to the Hellenic Investment Bank, which, in turn, will use the money to make low-interest loans to small and medium enterprises.
The 2026-2030 National Development Program will provide €23 billion for projects focusing on infrastructure, transport, environment, climate adaptation, social cohesion, regional development and on boosting business competitiveness.
