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

PRR: More 72 million paid in the last week. Companies remain in the lead

The total amount corresponds to 44% of both the allocation and contracted value and 42% of the approved amount, according to the latest monitoring report.

The execution rate of the plan remains at 47%.

The largest amounts received include companies (€3.507 billion), public entities (€1.995 billion), and municipalities and metropolitan areas (€1.376 billion).

Public companies (€975 million) and schools (€605 million) complete the top five.

Following are higher education institutions (€400 million), social and solidarity economy institutions (€333 million), families (€284 million), and scientific and technological system institutions (€241 million).

Project approvals stand at €23.126 billion, exceeding the previously reported €23.094 billion.

This figure represents 104% of the allocation and contracted value.

Notable figures include companies (€6.901 billion), public entities (€4.882 billion), municipalities and metropolitan areas (€4.533 billion), and public companies (€3.095 billion).

This is followed by schools (€1.038 billion), higher education institutions (€844 million), social and solidarity economy institutions (€823 million), scientific and technological system institutions (€660 million), and families (€349 million).

As of Wednesday, the PRR received 412,187 applications, with 358,550 having been reviewed.

The number of approved applications is 273,968, 31 less than last week.

The PRR, which has an execution period until 2026, aims to implement a set of reforms and investments to aid the recovery of economic growth.

Besides aiming to repair damage caused by COVID-19, this plan is intended to support investments and generate employment.

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