The current execution rate, as of today, stands at 40% following the positive evaluation of the sixth payment request and will reach 47% with the seventh request, already submitted to the European Commission,” stated the President of the Mission Structure, Fernando Alfaiate, during a hearing at the parliamentary committee on Economy and Territorial Cohesion, prompted by requests from Chega and the PS.
Fernando Alfaiate emphasized that the execution mechanism of this plan is distinct, as it is assessed through indicators known as milestones and targets.
Meanwhile, the European Union (EU) average is at 33%.
According to Recuperar Portugal, there are 11 suspended milestones and targets, none of which pertain to Portugal.
In relation to the third and fourth payment requests, Portugal faced suspension issues, which were subsequently resolved.
There are also two irrevocable milestones and targets, similarly, none of which involve Portugal.
Fernando Alfaiate also noted that three payment requests remain unexecuted, with the eighth slated for submission later this year.
In 2026, the remaining two will be submitted, involving the fulfillment of a significant number of milestones and targets.
The President of the Mission Structure Recuperar Portugal stated that in financial execution terms, the rate is at 37%.
This execution relates to what the Mission Structure validates as certified expenditure, but not reported for the disbursement exercise.
The deadline for the execution of the PRR is August 31, 2026.
However, financial execution can still be paid in 2027.
The PRR, with an execution period until 2026, aims to implement a series of reforms and investments to foster economic growth recovery.
Besides aiming to repair the damages caused by COVID-19, this plan intends to support investments and generate employment.
