Recovery and Resilience Plan

The public consultation process for the Recovery and Resilience Plan (PRR) is ongoing until March 1. This strategic document sets out fundamental structural reforms to ensure Portugal emerges from the pandemic crisis and guarantees a resilient future. 

At the end of 2017, Portugal began preparing a medium- to long-term strategy, embodied in the Portugal 2030 Strategy. In March 2020, the pandemic caused by the SARS-CoV-2 virus made it inevitable to revisit the work completed up to that point, with the need to introduce short- and medium-term mitigation measures aimed at the recovery and resilience of the economy and society.

In this context, Professor António Costa Silva was asked to promote the development of a "Strategic vision for Portugal's economic recovery plan 2020-2030," which was the subject of a broad public consultation process with Portuguese society and received widespread consensus on most of the priorities listed. 

In early 2021, the Government approved the Portugal 2030 Strategy which, having benefited from the contributions gathered, constitutes the benchmark for the application of the various policy instruments to be adopted in the near future, notably the Multiannual Financial Framework (Portugal 2030) and Next Generation EU, a temporary European instrument – which includes the national Recovery and Resilience Plans (RRP) – designed to boost economic and social recovery, bearing in mind the damage caused by the COVID-19 pandemic.

Overall, this will be the largest stimulus package ever financed by the European Union budget, totaling €1.8 trillion, to help rebuild Europe in the aftermath of COVID-19, creating a greener, more digital, and more resilient Europe. Portugal will have access to an unprecedented financial envelope for similar periods, which will reach €50 billion in grants (non-repayable), to which approximately €14.2 billion in loans can be added.

To participate in the public consultation on the Recovery and Resilience Plan, click here.