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HomeEconomyPortugal has submitted...

Portugal has submitted a reprogramming of the PRR to Brussels and the proposed allocation is 22 billion euros.

Portugal has already submitted to Brussels a proposal to reprogram the Recovery and Resilience Plan (PRR), the allocation of which will now exceed 22 billion euros, the government announced.

“The government has submitted to the European Commission a revised PRR […]. With initial PRR funds, this is an increase of more than €2,400 million in grants and €3,200 million in loans,” Presidency Minister Mariana Vieira da Silva told reporters in Lisbon.

The PDP, which runs until 2026, includes a series of reforms and investments to restore economic growth.

In addition to the purpose of this plan to repair the damage caused by covid-19, this plan also aims to support investment and create jobs.

Author: Portuguese
Source: CM Jornal

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