“AUntil the end of the first quarter of 2024, 24,816 million euros were transferred to Portugal as interim payments made by the European Commission, as a result of the execution of operations financed by European funds allocated to Portugal 2020″, reads the latest bulletin from European Union funds, with information reported until March.
In total, the European Commission transferred 90.5% of the value programmed in PT 2020 to Portugal.
Portugal thus had, at the end of the first quarter, the fourth highest rate of intermediate payments, considering the States with the largest financial envelopes, that is, above 7,000 million euros.
The payment rate to Portugal is 4.3 percentage points above the European Union average (86.2%).
Considering all Member States, the amount transferred by the European Commission is the seventh largest, below Poland, Italy, Spain, Romania, France and Germany.
The European Commission transferred 423,466 million euros to the 28 Member States, with 5.9% of this amount sent to Portugal.
At the end of March, payments made to beneficiaries amounted to 26,500 million euros in funds, that is, 98% of the PT 2020 allocation.
In turn, the execution of funds stood at 26,900 million euros in the period under analysis.
The approvals represented 30,000 million euros to support a total of investments of 52,000 million euros.
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.
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.
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