Portugal 2020 with days numbered
Portugal 2020 with days numbered
The delay and failure to use EU funds have already led Eugénio Rosa to what ‘is causing serious confirmations’ in Portugal.
The deadline for implementing Portugal 2020 (PT 2020) ends within 500 days, at which time the program has a rate of 75% and €20,100 million in project execution costs. The program has a total of 26,900 million euros of available European funds and 30,700 million euros of the maximum amount of funds approved to invest in the execution of projects.
Just this week, Eugénio Rosa says that «the huge delay in the use of community funds is causing serious harm to the country». At the end of the first semester, 6.335 million euros from Portugal 2020 were still to be used, which should have ended that year, of the 16.644 million euros of the Recovery and Resilience Plan, only 762 million euros had been used, 17 million of which were paid to private companies and the Portugal 2030 (22,995 million euros for 2021-2027) hasn’t even started yet.
It is recalled that new investment is almost always insufficient for «even compensating for those that disappear and obsolescence, translated into the low proportion of wealth (GDP) that is invested».
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