In total, funds worth 30,400 million euros have been approved to support projects with 46,000 million euros of investment, which translates into a financing rate of 66%.
Portugal 2020 (PT 2020) reached 98% execution by January and 113% commitment, according to the program’s latest status.
“Portugal 2020 reached 98% execution and 113 commitment”, reads the document.
By December 2023, the execution of PT 2020 was at 97%.
In total, funds worth 30,400 million euros have been approved to support projects with 46,000 million euros of investment, which translates into a financing rate of 66%.
In turn, the value of funds executed amounted to 26,400 million euros, which corresponds to an execution rate of 98%.
The realization rate (total funds approved) is 87%.
PT 2020 beneficiaries received 26,100 million euros, which corresponds to 97% of the programmed funds.
“Portugal records the fourth highest rate of intermediate payments (90%) of the total programmed, among the Member States with financial envelopes above 7,000 million euros, and maintains the seventh position in absolute terms, with a value of 24, 6 billion euros received”, he detailed.
PT 2020 consists of a partnership agreement between Portugal and the European Commission, “in which the principles and programming priorities for Portugal’s economic, social and territorial development policy are established, between 2014 and 2020”.
The first competitions for the PT 2020 program were opened in 2015.
The program is covered by the n+3 rule, which means that, despite its validity ending in 2020, three more years are given for its implementation.
December 31, 2023 was the deadline for promoters to carry out and pay expenses, but not the end of the program.
Until the end of July 2024, beneficiaries can submit reimbursement requests to the management authorities of the respective programs.
In turn, the managing authorities carry out checks, validate and pay expenses, while the certification authority analyzes and formalizes the last payment request for operational programs.
Next, until February 15, 2025, the presentation of the closing documents, which includes the final execution report.
By the end of May of the same year, the European Commission must approve the closing documents.
