Portugal’s National Recovery and Resilience Plan: Latest state of play

Summary:

Portugal is set to receive €22.2 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 3.1 % of the entire RRF, and to 10.7 % of Portugal's 2019 gross domestic product (GDP). The revised plan – approved by the Council on 8 December 2023 – includes REPowerEU grants worth €0.7 billion and the transfer of Portugal's total share (€81.4 million) from the Brexit Adjustment Reserve to its national recovery and resilience plan (NRRP). The plan has 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 41 % of the allocation. The digital transition focus area of the Portuguese NRRP represents just over 20 % of the allocation, with measures and reforms aimed at public administration and finances, education, and businesses.

Following the Council's approval of the European Commission's positive assessments of the plan, Portugal received pre-financing worth €2.16 billion for the initial plan (August 2021) and €0.17 billion for the energy-focused REPowerEU chapter (December 2023). Further payments, in 10 instalments for grants and loans, will depend on progress in implementing the plan. Portugal has so far received four instalments totalling €6.1 billion in grants and €1.66 billion in loans. 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. Second edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

This briefing is part of the series Next Generation EU (NGEU) delivery – How are the Member States doing?

• Alternative Source 1