Progress in Financial Performance

Financial performance figures have reached 93% of the budget in terms of funds pledged and 87.5% of funds paid as of December 2021. After a slight decline in both indicators in 2020, due to the COVID-19 pandemic and the reinvestment of refunds from already funded programmes, the data for 2021 indicate a recovery in the pace of the programmes.

The difference in the percentage of funds “awarded” and “paid” corresponds to the normal functioning of the programmes, in which the tenders and awards for each project are made first (funds awarded) and only once the contracts have been executed are payments made.