Overview

• The European Commission has provisionally cleared the €18.3 billion seventh PNRR payment, triggering a four-week review by the EU Economic and Financial Committee before disbursement.
• This tranche comprises €4.6 billion in grants and €13.7 billion in loans linked to the completion of 64 milestones across 10 reforms and 46 investments.
• With this approval, Italy has drawn over €140 billion—72% of its €194.4 billion allocation—making it the leading member state in PNRR implementation.
• Rome has already filed for the eighth installment, which must satisfy further targets ahead of the plan’s August 2026 deadline.
• Opposition figures have criticized that only about half of the funds received have been actually spent, highlighting execution slowdowns.