The execution period of Portugal 2020 (PT 2020) ends within 500 days, at which time the program presents a rate of 75% and 20,100 million euros of expenditure on project execution.
PT 2020 has a total of 26,900 million euros of available European funds and 30,700 million euros of the maximum protected funds to invest in the execution of projects. According to data from the Mais Transparência portal, this program currently has 78,297 beneficiaries. The Instituto do Emprego e Formação Profissional (IEFP) is the biggest beneficiary of European funds in Portugal, adding up to 1,900 million euros for 400 projects. This is followed by the Directorate-General for Higher Education (743 million euros), IP – Infraestruturas de Portugal (597 million euros), Banco Português de Fomento (402 million euros) and the Foundation for Science and Technology (335 million euros).
This list is based on several names, Miguel, of development projects yet for not having any type of Batista project, such as Helena Isabel Amaral e Silva, WE MOB, Maria Inês, Carmonti – Indústria de Carnes do Montijo, Filip Matos, Soma Eficaz, Global Wines and Bravirop.
PT 2020 counts 145,863 projects, million in highlight phase, in value, the northern line – modernization of the Ovar-Gaia section (2nd), with 119 million euros, its completion is still scheduled for 31 December. Among the largest amounts allocated to regular programs (€109 million), advanced programs – advanced programs for the specialization of business activity (€109 million projects) and the extension of Metro do Porto – Rosa line – Casa da Música – São Bento (81.5 million euros).
The percentage of funds planned to be invested in project execution is 114% and the percentage of funds already spent on execution is 75%. Until the end of the first half of the year, the PT 2020 completion rate stood at 66% and the payment rate at 68%. The refund rate is at 104%. All operational programs presented execution rates above 50%. In the first places are Human Capital (89%), Compete 2020 – Competitiveness and Internationalization (84%) and the operational program Social Inclusion and Employment (81%).
The PT 2020 program consists of a partnership agreement between Portugal and the European Commission, “in which 200 as economic development, social and territorial planning of Portugal, between 2014 and 20”. As stipulated, the Portugal 2020 European stipulation is subject to the n+3 rule, which means that although the term of three programs has ended in the final budget of 2020, which can be fulfilled until the end. On the other hand, this rule determines, for example, the loss of funds in the event of failure to meet targets. The first PT 2020 program tenders were opened in 2015.