The Government has decided to allow the opening of special loans, the transition and the application of management balances to speed up some procedures related to the Recovery and Resilience Plan (PRR), it was announced this Monday.
“To speed up some procedures related to the PRR […] I give permission […] opening of special credits, transition and application of management balances financed exclusively by PRR credits,” says the diploma published this Monday in Diário da República.
Permission was given by delegating powers to entities such as the central administration and the social security service.
This authorisation depends on a set of criteria, such as that the revenues of each organisation have been collected, that they comply with the financial programme approved by the structure of the Portugal Recovery Mission, and that the investment projects are registered in the budgetary systems.
The order, signed by the Undersecretary of State for Budget, José María Brandão de Brito, also authorizes the strengthening of the budget of the Development and Cohesion Agency (AD&C) and the Directorate-General of Treasury and Finance (DGTF).
In the event of such a budgetary strengthening, the Main Budget Directorate must confirm the existence of an analogue in the budget financing program.
Following the reprogramming of the PRR approved in September 2023, the plan’s allocations amounted to €22.216 million.
The PRR, which runs until 2026, aims to implement a range of reforms and investments to restore economic growth.
The plan aims not only to repair the damage caused by Covid-19, but also to support investment and job creation.