Payments to direct and final beneficiaries of the PRR reach 4.129 ME until April

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Payments to the direct and final beneficiaries of the Recovery and Resilience Plan (RRP) reached 4.129 billion euros by April, according to the latest monitoring report.

The amount of payments recorded up to April 3 corresponds to 19% of the allocation, also 19% of the contracted amount and 24% of the approved amount.

Compared to the previous week, the direct and final beneficiaries of the RRP received 20 million euros more.

The largest amounts paid out went to companies (1,523 million euros), followed by public bodies (1,000 million euros).

Then there were public companies (458 million euros), municipalities and metropolitan areas (365 million euros), schools (275 million euros), higher education institutions (173 million euros) and families (162 million euros).

At the bottom of the table are the institutions of the solidarity and social economy (92 million euros) and the institutions of the scientific and technological system (81 million euros).

In turn, project approvals stand at 17.497 million euros, which corresponds to 79% of the allocation and the amount contracted.

Leading the way in approvals are companies, with 5.768 million euros.

Public entities (4,805 million euros), public companies (2,744 million euros) and municipalities and metropolitan areas (2,119 million euros) also stand out.

This is followed by higher education institutions (663 million euros), schools (428 million euros), solidarity and social economy institutions (427 million euros), scientific and technological system institutions (340 million euros) and, lastly, families (204 million euros).

As of last Wednesday, the PRR had received 317,983 applications, of which 208,978 had been analyzed and 165,241 approved.

Of the 463 milestones and targets agreed with the European Union, Portugal has already met 102 and three remain under evaluation.

Payments to direct and final beneficiaries of the PRR reach 4.129 ME until April

To date, the amount transferred by Brussels to Portugal stands at 7,772 million euros.

On September 22, 2023, the European Commission approved the revision of Portugal’s RRP, which now amounts to 22.2 billion euros.

This change includes the financial allocation from the European energy program RepowerEU (704 million euros), as well as the unused ‘Brexit’ adjustment reserve (81 million euros).

The RRP, which runs until 2026, aims to implement a series of reforms and investments with a view to restoring economic growth.

In addition to repairing the damage caused by Covid-19, the plan also aims to support investment and create jobs.

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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