Portugal completed the Recovery and Resilience Plan (PRR) with the Government's guarantee that it fulfilled 100% of the milestones and targets agreed with Brussels, securing €16.3 billion in grants and planning to execute around €5.6 billion in loans. Endowed with €21.9 billion, the PRR is the largest investment programme ever executed by the Portuguese Public Administration.
The plan spanned four constitutional Governments, two led by António Costa and two by Luís Montenegro, having faced challenges such as inflation, the war in Ukraine, material shortages and rising construction costs.
The Bank of Portugal anticipates an economic slowdown after the exceptional boost from the PRR, the Portuguese Business Association questions the impact on productivity, and the European Court of Auditors warned of transparency limitations. The article highlights that financial execution, physical execution and economic impact are different realities, and that the country now needs an independent assessment of results project by project.
