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The Minister of Economy and Territorial Cohesion, Manuel Castro Almeida, assured today that the country will “utilize the entirety of the subsidies from the Recovery and Resilience Plan (PRR).”
In an intervention during the general debate on the State Budget proposal for 2026 (OE2026), the minister indicated that the Government aims for the economy to grow to the average of the European Union, with one of the strategic pillars being the “economic and social profitability of European Funds.”
In this regard, he assured that the “entirety of the PRR subsidies” will be invested, also pointing out that it is within the expected deadlines.
“The 7th payment request has already been received in its entirety and the 8th request will be submitted this year, within the set deadline,” he said, so “it is not worth the prophets of doom insisting on prophecies of failure.”
For the goal of economic growth, the five strategic pillars listed by the minister also include encouraging private investment, strengthening public investment, betting on innovation, and increasing exports.
The minister also emphasized that in the reprogramming of the PRR, a “Financial Instrument for Innovation and Competitiveness” was created, to which allocations from the PRR that cannot be executed within the expected deadlines are being transferred.
“In this way, we correct an original sin of the PRR that allocated much less funding for companies,” he said.
In total, the Portuguese PRR has a value of 22.2 billion euros, with 16.3 billion euros in subsidies and 5.9 billion euros in loans from the Recovery and Resilience Mechanism.