Portugal only receives RRP funds if it meets EU objectives

  • ECO News
  • 17 June 2021

In Portugal's RRP, the government is committed to achieving 341 goals and objectives, with 32 reforms and 83 investments.

With the European Commission’s “green light” for Portugal’s Recovery and Resilience Plan (RRP), The country is committed, from now, to meet 341 goals and objectives, the execution of which is necessary for Portugal to receive the €16.6 billion from Brussels, according to Público.

Following Brussels’ positive assessment of the country’s RRP, the Commissioners also approved a proposal for an Implementing Decision of the Council of the European Union (EU), to be adopted within a maximum of four weeks. Attached to this recommendation is a document of over 200 pages describing all the reforms and investments that Portugal proposes to implement by August 2026, with the respective costs and timeframe, so it is on this premise that the payments will be approved or rejected, explains the same newspaper.

Thus, if the first tranche (€2.15 billion) is almost guaranteed, the payment of the remaining tranches will depend on the achievement of the goals and objectives that the government has committed itself to.