Payments to beneficiaries of the Recovery and Resilience Plan (RRP) approach 15 billion euros by September, with a total of 14.669 billion euros paid up to last Wednesday, representing 67% of the contracted and approved amount. This value represents an increase of 206 million euros compared to the previous week. Companies stand out as the main beneficiaries with 5.331 billion euros received, followed by public entities with 2.905 billion euros and municipalities and metropolitan areas with 2.363 billion euros.
Project approvals total 25.081 billion euros, with companies also leading this indicator with 8.926 billion euros, followed by public entities with 4.760 billion euros and municipalities with 4.701 billion euros. The RRP received 538,430 applications to date, of which 509,029 have been analyzed and 403,772 approved.
On August 28, the Minister of Economy and Territorial Cohesion, Castro Almeida, confirmed in Lisbon that the RRP was fully executed, meeting the deadline agreed with Brussels. The official stated that Portugal fully implemented 44 reforms and met 100% of the milestones and targets, with more than 16,000 million euros in subsidies secured.
The economy minister also pointed out that the loan component, which amounts to around 5,500 million euros, will also be fully executed, barring any unforeseen circumstances. The RRP aims to implement a set of reforms and investments aimed at recovering economic growth, repairing the damage caused by Covid-19, supporting investments and generating employment.
