Portugal's National Recovery and Resilience Plan: Latest state of play
Portugal is set to receive €16.6 billion in both non-repayable support and loans from the Recovery and Resilience Facility (RRF), the unprecedented EU response to the crisis triggered by the coronavirus pandemic. This amount corresponds to 2.3 % of the entire RRF, and to 7.8 % of Portugal's 2019 gross domestic product (GDP). There is a strong focus on the country's social, economic and environmental resilience, with measures targeting culture, housing, health, broad social responses, and forest and water management. Measures relating to climate transition – including key actions on industry decarbonisation and energy efficiency of buildings – reach just over 38 % of the allocation. The digital transition focus area of the Portuguese National Recovery and Resilience Plan (NRRP) amounts to just over 22 % of the allocation, with measures and reforms aimed at public administration and finances, education, and businesses. Following the Council's approval of the Commission's positive assessment of the plan, Portugal received €2.2 billion pre-financing in August 2021. Further payments, in 10 instalments for grants and seven for loans, will depend on progress in implementing the plan. In January 2022, Portugal submitted a first payment request worth €1.16 billion in grant and loan instalments (€0.55 billion in grants and €0.61 billion in loans). The Commission made a positive preliminary assessment of Portugal's payment request. The European Parliament is a major supporter of the creation of a common EU recovery instrument, and takes part in interinstitutional settings to cooperate, discuss and scrutinise implementation of the European Commission's work. This briefing is one in a series covering all EU Member States.
Briefing
About this document
Publication type
Policy area
Keyword
- coronavirus disease
- economic and social cohesion
- economic conditions
- economic geography
- economic policy
- economic recovery
- economic reform
- economic structure
- ECONOMICS
- epidemic
- EU aid
- Europe
- European construction
- EUROPEAN UNION
- FINANCE
- financing and investment
- GEOGRAPHY
- health
- investment
- political geography
- Portugal
- SOCIAL QUESTIONS
- structural adjustment