You have free access to all the articles of the Observer for being our subscriber.
Portugal should be more money from the so-called “bazureceiveca”” European than expected, around billion euros more. This is the expectation, the Observer learned from a government source, in relation to what will be the result of the new hire that the European Commission is preparing to make in April. After this calculation is made, some countries will receive less than expected, depending on the impact that the pandemic has had on each of the economies.
There are definite amounts that will not yet more accurately calculate the amount that Portugal will still receive under the Recovery (PR) and Resilience (PR) Plan. But preliminary economic indicators improve the group of those who will see the financial envelope revised upwards. Another member state that will also receive more is Spain: as the Bloomberg agency reported a week ago, the country should receive seven billion more than before (about 10% more neighbor while) Belgium and Netherlands maybe get less.
At the moment, Portugal is expected to receive 13,944 million euros in grants2,700 million euros (approximately 700 million euros) Funded, defined in euros, which, in form, have to be reimbursed). As far as the Observer found, the about million will receive in the grant componentthat is, in the non-reimbursable funds that will come from Brussels.
To be confirmed will be a increase one around 7% in the value of subsidies received by Portugal. But only after March, when Eurostat’s detailed data on the performance of the economies are released, will the final figure be estimated and a decision is expected to be formally presented in April.
This is one but the light was planned, since the “bazooka” was announced, to be made in the spring of 2022, to be made in the spring of 2022, the fact that some countries will have no money, according to the pre-defined criteria, create a problem for Brussels because most countries already have implementation plans which, therefore, will have to be revised.
As for Portugal, estimating a higher value than expected, there is still no information on what happens, in practice, with the PRR. But it is more likely that the extra amount will be distributed to those already contracted, that is, reinforcing already agreed investment plans instead of adding new items to the plan.
Spain should receive 10% more of the European “bazooka” than expected