The European Commission has granted approval to Belgium's updated economic recovery and resilience plan, as declared on Wednesday. This revised strategy encompasses €5 billion in grants

and €264 million in loans, serving as a modification to the initial plan sanctioned in 2021.

Belgium's original proposal gained approval two years ago, yet subsequent amendments were submitted, notably including a separate segment addressing REPowerEU. This component aligns with the EU's initiative to accelerate its shift away from Russian fossil fuels. Among its objectives, Belgium prioritizes enhancing building energy efficiency, expediting the deployment of renewable energy initiatives, and curbing CO2 emissions within industries and transportation.

In conjunction with the initial €4.5 billion from the primary stimulus package, Belgium is set to receive €282 million in grants from the accessible REPowerEU funds. The Commission has also authorized the transfer of €229 million from the European Brexit Fund, alongside a €264 million loan. This comprehensive recovery plan stands at approximately €5.3 billion, earmarked for 40 reform and 119 investment projects, all slated to benefit from European funding.