The Portuguese Government will transfer two billion euros from the State Budget to projects that left the Recovery and Resilience Plan (PRR), known as the "European bazooka". The Economy Minister, Pedro Reis, assured that this solution will not imply tax increases, guaranteeing that the executive found a way to finance these works without additional costs for citizens.
Among the projects covered by this decision are the Todos os Santos and Algarve hospitals, as well as the expansion of the Red Line of the Lisbon Metro. These infrastructures, initially planned in the PRR, had to be removed from the European program for different reasons, forcing the Government to seek alternative financing.
The transfer of two billion euros to the State Budget represents a continuity solution for these strategic projects. The executive intends to thus ensure that the works are not suspended, maintaining the investment pace in essential infrastructures for the country.
Pedro Reis emphasized that the option to finance these works through the State Budget, instead of resorting to new taxes, demonstrates the Government's capacity to manage available resources. This decision is part of a broader strategy of managing European funds and Portuguese public finances.
