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PT2020 has 60% of the funds executed, reveals the Minister of Planning

Planning Minister Nelson de Souza said today that he was not concerned about the implementation of the Portugal 2020 funds (PT2020), indicating that in March 60% of the 26 billion euros planned had been implemented.

The data were put forward by the government official during the opening session of a cycle of online seminars on structural funds, organized by the representation of the European Commission in Portugal and the Agency for Development and Cohesion.

Nelson de Souza said that until March 31, "out of a total budget of 26 billion euros" for PT2020, including agricultural funds, "Portugal has committed 110% of this amount", which means that "it there are 28,5 billion euros committed ”.

"This means that we do not have a lot of leeway for new approvals", underlined the Minister of Planning.

"The execution is 60% of this amount, having already been paid at 66%", added the government official, explaining that the difference between the execution and the payments indicates that the liquidity mechanisms were guaranteed to the companies in pandemic period.

For Nelson de Souza, the data shows that “the opportunities and facilities created” have been put to good use in responding to the impact of covid-19.

Reports, "of the 26 billion euros still to be executed 10,4 billion" in the next two years and nine months, which corresponds to an average annual execution rate of 14,6%, he said. precise.

The minister estimated that, considering that in 2020, the year of the pandemic, the execution of funds was 12%, “the differential is not at all worrying, given that there is still a very strong acceleration in the last years of the closing of a financial framework ”.

"The annual average of 14,6% that remains to be executed by the end of 2023 is nothing to worry about compared to the figure of 12% that we have executed in 2020, a year which was naturally affected. by the period of high pandemic incidence ”, reinforced Nelson. from Souza.

For the government representative, however, there is a "difficult challenge" which is "to execute a high amount in the next three years", besides the fact that there is a greater need for high investments to support the savings in times of covid-19.

In addition, he stressed, the execution of PT2020 coincides with the start of the new programming period and the start of the recovery and resilience plan (PRR).

According to Nelson de Souza, one of the “big challenges” will be to guarantee “the proper functioning and without overlap” between the two instruments.

The minister also declared that "the conditions are met" so that the regulations of the cohesion funds, namely the European Regional Development Fund (ERDF) and the European Social Fund, can be approved and published in June.

"From there, all the regulatory conditions will be met so that we can move forward by proposing the documents that initiate the programming process," he added.

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