New government has to « keep the course » in PRR

The European Commission warned on Monday that the new government has to « keep the way » in the implementation of the medium-term budget plan and the Plan for Recovery and Resilience (PRR). Brussels states that the exuctional must “work intensely” to comply with the deadlines.

« It is important to maintain the course, both in terms of implementing the medium -term budgetary structural plans and the budget trajectory established in the plan, as well as the implementation of PRR, » said the European Commissioner of the Economy.

After the Democratic Alliance (AD) again won the legislative elections in Portugal on Sunday and the day the European Commission presented the economic predictions of Spring, Valdis Dombrovskis warned that in terms of the PRR, “all plan reforms and investments must be completed by August next year”, as the deadline for execution by end of 2026.

« We do not have long time, so it is obviously important to work now in a very intense way to ensure that all milestones and objectives are fulfilled and that countries, including Portugal, fully benefit from PRR, » defended Dombrovskis, quoted by Lusa.

Last week, the European Union Council (EU) ‘green light’ to the PRR revision, covering 108 measures, aiming at replacing unattainable measures and reducing administrative charges.

In all, the Portuguese PRR has a value of 22.2 billion euros, with 16.3 billion euros in grants and 5.9 billion euros in loans from the recovery and resilience mechanism, which concern 376 investments and 87 reforms.

Currently, the country has already received 8.49 billion euros in grants and 2.9 billion euros in loans and the execution rate of the plan is 32%.