EU hands over €714 million as part of country’s PRR

The European Commission on Monday disbursed the remaining €714 million as part of Portugal’s request for payment of the third and fourth instalments of the Recovery and Resilience Facility (RRF), which finances the country’s recovery and resilience plan, PRR.

After a negative assessment in December 2023, which led to the suspension of €810 million gross (€714 million net of pre-financing), the EU executive concluded in June that “the intermediate objectives and the outstanding target have been satisfactorily met” with regard to health sector reforms and a target on the reform of regulated professions.

Now, the government is busily ‘reformulating projects’ to ensure ‘not a penny of PRR money is wasted’.

Natasha Donn
Natasha Donn

Journalist for the Portugal Resident.

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