Brussels says that PRR is to accelerate
The European Commission has asked Portugal to accelerate the execution of the Recovery and Resilience Plan (PRR) for the implementation of reforms and investments. The community executive recalls that the country has already received 51.3% of its financial envelope, at a time when less than a year and a half to the deadline. Otherwise, according to European Commissioner Valdis Dombrovskis, Portugal is in danger of losing the funds not yet performed.
According to data from the National Follow -up Commission (CNA), 33%of European Bazaca measures are critical (20%) or worrying (13%), especially the areas of housing, health and business digitization. The qualitative evaluation of the body led by Pedro Dominguinhos adds that 35% of the 119 investments or measures analyzed by CNA need follow -up.
A situation that is not surprising the president of AEP by referring that it has been drawing attention to the fact that it is necessary to carry out a quick execution of PRR. « Lack of labor and bureaucratic barriers are maintained as inhibiting factors to accelerate the program, according to its latest monitoring report on May 28, with only 33% of its milestones and goals met, » he says to our newspaper.
Luís Miguel Ribeiro also says that the data also point to greater execution in the private business sector than in the public sector, « what proves, once again, the benefits of being more directed to the productive sector -as AEP has always defended -where the multiplier effect on the economy is higher ».
And he recalls that “PRR is a rigorous and demanding but also absolutely crucial plan as a response to the challenges of the Portuguese economy. Therefore, the loss of funds is not a scenario that should not even be equated.
In all, the ‘Bazuca’ has a value of 22.2 billion euros, with 16.3 billion euros in subsidies and 5.9 billion euros in loans from the recovery and resilience mechanism, which concern 376 investments and 87 renovations.
