“The seventh payment request corresponds to a gross amount of 1.209 billion euros,” revealed a newsletter from the Mission Structure Recover Portugal, created to negotiate and monitor the execution of the RRP.
However, payment request amounts are reduced by pre-financing values, bringing the net value of the seventh request to 1.064 billion euros.
Portugal submitted the seventh RRP payment request to Brussels on Thursday, which includes 21 milestones and targets related to investments and six to reforms.
These cover components such as health, capitalization and innovation, forests, quality and sustainability of public finances, digital education, housing, qualifications and skills, maritime matters, more efficient public administration, social responses, infrastructure, hydrogen, and renewables.
For instance, in the health component, investment is planned for the introduction of telemedicine consultations in the Azores Regional Service, while the reform aims to increase response capacity in home hospitalizations.
Regarding housing, the investment anticipates the signing of over 500 financing agreements for emergency and transitional accommodations.
With the submission of these 27 milestones and targets in the seventh payment request, the RRP execution rate, which is scheduled to end in mid-2026, rises to 47%.
According to the Mission Structure, the eighth payment request will be submitted later this year.
The submission of the last two payment requests is planned for next year.
The final disbursement is expected to be made by the European Commission in the final days of 2026, “allowing 2027 to still be a year of significant payments to final beneficiaries.”
The RRP, which has an implementation period until 2026, aims to implement a set of reforms and investments to support economic growth recovery.
Besides aiming to repair the damage caused by COVID-19, this plan intends to support investments and generate employment.
