Portugal 2020 reached 100% execution rate on March 31, 2024! Check the results in the new Quarterly Bulletin/Infography and in the Lists of Approved Operations.
According to the most recent data, the value of funds executed reached €26.9 thousand, that is, 100% of the value of the programmed funds. For every five euros of approved funds, four and a half have already been executed and paid to the beneficiaries, which corresponds to a 90% achievement rate.
As a result of the execution of operations financed by Portugal 2020, by the end of the 1st quarter of 2024, €24,816 M were transferred from the European Commission (EC) to Portugal.
Through their approved operations, Portugal 2020 programs have already supported:
✔ More than 31 thousand companies through the Incentive System,
✔ More than 111 thousand people for hiring support,
✔ 357 thousand students in vocational pathways in primary and secondary education,
✔ reducing primary energy consumption in public buildings by 370 million KWh/year.
NEXT GENERATION EU
The Next Generation EU instrument mobilizes €750 thousand at European level. Exiting the crisis and building a sustainable future is the main objective of this recovery plan, which encompasses the REACT-EU mechanisms, reinforcement of Rural Development, PRR and part of the Just Transition Fund.
REACT-EU was the first of the mechanisms to be activated and has already produced significant impacts on society and the economy. In Portugal, with €1,594 M of funds programmed for REACT-EU, corresponding to the first tranche, to which the second tranche in the amount of €545 M was added.
At the end of March, the value of the fund approved in REACT-EU reached €2,258 million, intended to finance 90 thousand operations.
The commitment rate stood at 106% and the execution rate at 94%.
See here:
Source: AD&C-UAME
