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A programme that is integrated into the extraordinary funding package approved by the European Commission to provide eurozone countries with instruments for economic and social recovery: NextGenerationEU. The PRR is the national instrument of the EC-approved Recovery and Resilience Facility. Because of its extraordinary character, the Recovery and Resilience Plan is a “super vitamin” aimed at accelerating economic and social recovery and at promoting a resilient and fair transformation, putting Portugal on the dual transition path: green and digital. The PRR combines a strategic vision, reforms and structuring investments to be implemented by 2026. It was organised into three strategic dimensions, Resilience, Climate Transition and Digital Transition, which group 20 components, 83 investments and promote 37 reforms.
No. Although it is an important funding component, which is intended to have a structural effect in Portugal because it is an extraordinary and unique financial instrument, other support is available, including the remaining allocation of Portugal 2020, the REACT EU and the next financial framework 2021/2027, as well as EU funding sources such as Horizon 2030.
In total, reforms and investments make up €16.644 billion of PRR funding, distributed via €13.944 billion in grants (84%) and €2.7 billion in loans through the Banco de Fomento (Development Bank) (16%).
The PRR has a centralised management structure in its relationship between Member States and the European Commission. At the national level, efficiency in the implementation of measures and the achievement of results has influenced the establishment of a two-tier governance model: centralised in management, monitoring and control, and decentralised in implementation, through intermediate beneficiaries and direct beneficiaries. The Recover Portugal Mission Structure has to ensure management of the implementation, monitoring and technical coordination of the PRR. In other words, also at the management and monitoring model level, the PRR has unique characteristics when compared, for example, to the Multiannual Financial Framework.
The governance model has four levels of coordination:
Strategic level of political coordination, ensured by the PRR Interministerial Commission, chaired by the prime minister and composed of the government ministers responsible for the economy and digital transition, foreign affairs, the presidency, finance, planning and the environment and climate action;
Monitoring level, ensured by the National Monitoring Commission, chaired by an independent person and consisting of people of recognised merit, which will include a range of bodies from the worlds of business, science and knowledge, the social and cooperative area and from the territories;
Technical coordination and monitoring level, ensured by the “Recover Portugal” task force, in conjunction with the Development and Cohesion Agency. (I. P. Agency) and the Planning, Strategy, Evaluation and International Relations Office of the Ministry of Finance (GPEARI);
Audit and control level, ensured by an Audit and Control Committee (CAC), chaired by the Inspectorate-General of Finances (IGF) and which includes an I. P. Agency representative and a person with a career of recognised merit in the area of audit and control, co-opted by the remaining members.
For the implementation of the PRR there are three types of beneficiaries: intermediate, direct and final. The implementation of the plan, its reforms and investments, will involve contracts entered into by the “Recover Portugal” Mission Structure with public agencies or bodies, which will be intermediate beneficiaries, i.e. with overall responsibility for the physical and financial implementation of investments included in the PRR, but the execution of these investments is carried out by third parties selected by them: namely businesses. Direct beneficiaries are public bodies that enter into contracts for the implementation and physical and financial execution of an investment included in the PRR and benefit from that funding, e.g. the implementation of public service innovation and digitisation measures. The final beneficiaries may be private or public persons, businesses or organisations.
The direct beneficiaries (agencies or public bodies) contract directly with the Recover Portugal Mission Structure for the investment included in the PRR.
The intermediate beneficiaries, after contracting with Recover Portugal, will launch tenders for final beneficiaries, which can be businesses and other organisations or individuals.
The final beneficiaries can consult the websites of the PRR or the intermediate beneficiaries to find out which tenders are open, their conditions, and access the respective applications.
No. The PRR is for everyone and needs the collective commitment of all in order to achieve all the goals and targets committed to with the European Commission.
The set of reforms presented in the PRR is an ambitious package of actions that aims to simultaneously promote the transformation of the Portuguese economy and society with a view to adapting them to the challenges of the next decade, as well as ensuring, in an evolutionary and systematic way, that the country can overcome the structural blockages preventing its economic, social and territorial development. The investment and reforms proposed in the PRR aim to give substance to this transformative and reformist character, promoting the conditions for fairer, more equitable and sustainable economic and social development.
The PRR disbursements will be distributed according to the following schedule: 2021 – 20%; 2022 – 25%; 2023 – 20%; 2024 – 16%; 2025 – 16%; 2026 – 3%.
Following the initial approval of the PRR, pre-financing of 13% of the overall amount, including grants and loans, was made available (included in the total amount of 20% set out for 2021, as shown above).
The Recover Portugal Mission Structure will implement internal control procedures that will identify and mitigate the risks associated with the duplication of funding with other European Union instruments and programmes. Furthermore, the management and internal control system to be implemented should make it possible to mitigate the risks identified in the management of the PRR, to ensure protection of the European Union’s financial interests and prevent, detect, report and correct incidences of fraud, corruption or conflict of interest. In this regard, “Recover Portugal” will approve and implement the following: the EMRP Code of Ethics and Conduct; the Anti-fraud Declaration; the Plan for the Management of Risks of Corruption and Related Infringements. The internal control system will be supervised and audited by the Audit and Control Committee.