Date in Portugal
Clock Icon
Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Payments are approaching 9 billion and companies continue to lead

The Recovery and Resilience Plan (PRR) has already disbursed nearly 9 billion euros to beneficiaries, with companies standing out for receiving the largest amounts as of Wednesday, it was announced.

The total amount of payments now stands at 8.942 billion euros, which is equivalent to 40% of the allocated and contracted amounts and 39% of that approved, according to the latest monitoring report of the plan, with data up to this Wednesday.

Compared to the previous week, an additional 72 million euros were paid out.

Companies continue to lead the charge with 3.219 billion euros received.

Public entities (1.875 billion euros) and municipalities and metropolitan areas (1.193 billion euros) also made significant gains.

Following are public companies (906 million euros), schools (606 million euros), higher education institutions (353 million euros), solidarity and social economy institutions (303 million euros), families (263 million euros), and finally, scientific and technological system institutions (222 million euros).

Meanwhile, project approvals have reached 22.680 billion euros, which accounts for 102% of the allocation and contracted value.

The value of project approvals increased by 19 million euros from the previous week.

Leading the project approvals are companies (6.387 billion euros), followed by public entities (5.261 billion euros) and municipalities and metropolitan areas (4.425 billion euros).

Public companies (2.982 billion euros) and schools (1.038 billion euros) round out the top five.

Then come higher education institutions (844 million euros), solidarity and social economy institutions (766 million euros), scientific and technological system institutions (659 million euros), and families (318 million euros).

As of Wednesday, the PRR received 394,906 applications, with 332,132 having been reviewed.

The approved applications now total 255,126, an increase of 153.

The PRR, with an execution period until 2026, aims to implement a set of reforms and investments aimed at recovering economic growth.

In addition to targeting the repair of damages caused by COVID-19, this plan aims to support investments and create jobs.

Leave a Reply

Here you can search for anything you want

Everything that is hot also happens in our social networks