"Portugal will have, over the next seven years, a financial volume of 40 billion euros", said Elisa Ferreira, in a message delivered at the opening of the debate RRP.
European Commissioner Elisa Ferreira pointed out on Wednesday that Portugal will have, for seven years, a financing volume of 40 billion euros, through instruments such as the Recovery and Resilience Plan (RRP) and Portugal 2020 and 2030.
“Portugal will have, over the next seven years, a financial volume of 40 billion euros”, said Elisa Ferreira, in a message delivered at the opening of the debate RRP: “Enhancing the effects of European funds in the national economy”, organised by the Forum for Competitiveness, held at the Lisbon Congress Centre.
At stake, according to the Commissioner for Cohesion and Reforms, are around 14 billion euros in subsidies under the RRP, to which an equivalent amount may be added if the country resorts to loans, plus a boost of 2 billion euros made under the Portugal 2020 programme, as well as 24 billion euros of European funding available under Portugal 2030.
Alongside this, funds will also be available for agriculture and instruments such as Digital Europe or Horizon 2020.
“These are substantial amounts that are available over the next decade. The funds are not the end, but a means that should be made available for a development strategy”, she considered.
Elisa Ferreira also stressed that the pandemic caused a “huge shock” in “lives and in the economy and competitiveness”, adding that the data of the first semester are “encouraging”, although they do not represent the necessary recovery.