The European Commission has disbursed a total of €42.8 billion to five Member States - Italy, Portugal, Cyprus, Malta, and Spain - under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. The disbursements are part of the Commission's efforts to support the economic growth and resilience of EU Member States, and are based on the successful steps in the implementation of reforms and investments outlined in each country's recovery and resilience plan.
The Commission has disbursed €1.34 billion to Portugal, representing the sixth payment under the RRF. This payment covers 32 milestones and targets, including key reforms and investments in healthcare, housing, forest fire management, renewable energy, and the business environment. A key reform aims to improve insolvency proceedings, making it easier for companies to restructure and invest. Portugal has also invested in expanding its national care networks,supporting the inclusion of persons with disabilities.
The total funds paid out to Portugal under the RRF now stand at €11.4 billion, which is 57% of the total allocation. Portugal's overall recovery and resilience plan is financed by€22.2 billion, in grants and loans.
