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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

PRR. Another 49 million paid and 280 applications approved last week

The latest monitoring report indicates that total payments under the plan have reached 8.145 billion euros, representing 37% of the allocation and contracted amount and 35% of the approved amount.

Prominent recipients include private companies (2.845 billion euros), public entities (1.741 billion euros), and municipalities and metropolitan areas (1.053 billion euros).

This is followed by public companies (845 million euros), schools (589 million euros), higher education institutions (335 million euros), solidarity and social economy institutions (265 million euros), families (245 million euros), and lastly, scientific and technological system institutions (218 million euros).

Project approvals have reached 22.667 billion euros, surpassing the previously reported 22.626 billion euros.

This figure corresponds to 103% of the allocation and contracted amount.

Leading in project approvals are private companies (6.415 billion euros).

Public bodies (5.154 billion euros), municipalities and metropolitan areas (4.436 billion euros), public companies (3.336 billion euros), and schools (1.037 billion euros) complete the top five.

They are followed by higher education institutions (829 million euros), solidarity and social economy institutions (717 million euros), scientific and technological system institutions (548 million euros), and families (285 million euros).

As of Wednesday, the plan received 381,274 applications, with 311,335 analyzed.

The number of approved applications is 240,106, an increase of 280 from the previous week.

This week, in parliament, Pedro Dominguinhos, President of the National Monitoring Commission of the plan, stressed that Portugal has not lost a single euro under this plan, although he acknowledged the possibility of reprogramming.

On Tuesday, Fernando Alfaiate, head of the national recovery mission structure, also expressed confidence in the full execution of the plan’s grants during a parliamentary hearing.

The plan, with an execution period until 2026, aims to implement a series of reforms and investments to restore economic growth.

In addition to addressing Covid-19 damage, the plan seeks to support investments and create jobs.

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