Recovery and Resilience Plan

The public consultation process for the Recovery and Resilience Plan (PRR), the strategic document that sets out fundamental structural reforms to ensure a way out of the pandemic crisis and guarantee a resilient future for Portugal, is underway until March 1. 

At the end of 2017, Portugal began preparing a medium-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 so far, with the need to introduce short- and medium-term mitigating measures aimed at the recovery and resilience of the economy and society.

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

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

Overall, this will be the largest package of stimulus measures ever funded by the European Union budget, totaling 1.8 trillion euros, to help rebuild Europe in the post-COVID-19 era, creating a greener, more digital and more resilient Europe. Portugal will be able to access a financial envelope unprecedented in similar periods, which will reach 50 billion euros (€) in grants (non-repayable), to which around €14.2 million can be expected to be added in the form of loans.

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