In absolute figures, Italy's national recovery and resilience plan (NRRP) is the largest national plan under the Next Generation EU (NGEU) instrument. It is endowed with EU resources worth €71.8 billion in grants and €122.6 billion in loans, jointly representing 26.1 % of the Recovery and Resilience Facility (RRF), or 10.8 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU 27 GDP in 2019). Launched in 2021, the plan underwent five revisions, of which the most extensive was in December 2023 (to add an energy-focused REPowerEU chapter) and the latest in June 2025. The €194.4 billion allocation finances a vast programme of reforms and investment that aim to promote economic recovery, while addressing several structural weaknesses and pursuing major objectives such as the green and digital transitions. Italy has so far received 62.8 % of the resources (€122.2 billion in pre-financing and six payments for both grants and loans); this is well above the EU average (48.8 %). The seventh payment is expected to be disbursed soon. Another three payments will depend on further progress in implementation. By February 2025, Italy had spent €65.7 billion or 33.8 % of the EU resources available for its NRRP, which suggests that the period through to the August 2026 deadline will be crucial to ensure full implementation, not least of its investment measures. A major advocate of creating a common EU recovery instrument, the European Parliament participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Seventh edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.