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PRR: Plan disbursed another 48 million last week

This total amount represents 42% of the plan’s allocation and the contracted value, and 40% of the approved amount, according to the latest monitoring report.

Companies remain in the lead, having received 3.305 billion euros as of Wednesday (latest available data).

Following are public entities (1.941 billion euros) and municipalities and metropolitan areas (1.313 billion euros) completing the top three.

Next are public companies (938 million euros), schools (607 million euros), higher education institutions (353 million euros), and social and solidarity economy institutions (327 million euros).

At the bottom of the table are families (269 million euros) and scientific and technological system institutions (233 million euros).

Meanwhile, project approvals stand at 22.745 billion euros, below the 22.829 billion reported the previous week.

Noteworthy figures include companies (6.409 billion euros), public entities (5.163 billion euros), municipalities and metropolitan areas (4.433 billion euros), and public companies (3.042 billion euros).

Below these are schools (1.038 billion euros), higher education institutions (844 million euros), social and solidarity economy institutions (824 million euros), scientific and technological system institutions (660 million euros), and finally, families (331 million euros).

As of Wednesday, the PRR received 404,221 applications, with 342,712 analyzed.

The approved applications totaled 263,621, an increase of 634.

Portugal is set to receive 1.06 billion euros from the seventh payment request under the Recovery and Resilience Facility (RRF) of the NextGenerationEU program, as announced on Tuesday by the European Commission.

In a statement, the EU executive indicated that following the evaluation of the payment request, the Commission concluded that Portugal satisfactorily met the 11 milestones and 16 goals of the Council’s Implementing Decision regarding the seventh installment.

For the Recovery Portugal Task Structure, Brussels’ positive assessment of the seventh PRR payment request reinforces the “trajectory of confidence” in Portuguese implementation.

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

In addition to aiming to repair the damage caused by COVID-19, this plan aims to support investments and generate employment.

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