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Recovery and Resilience Plan


Recovery and Resilience Plan

The public consultation process for the Recovery and Resilience Plan (RRP), the strategic document that sets out key structural reforms to ensure the exit from the pandemic crisis and ensure a resilient future for Portugal, is underway until March 1st. 

In late 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 so far, with the need to introduce short and medium-term mitigating measures, aiming at the recovery and resilience of the economy and society.

In this context, Professor António Costa Silva was asked to promote the preparation of a "Strategic Vision for the Economic Recovery Plan for Portugal 2020-2030", which was the subject of a broad public consultation process with Portuguese society, and received a broad 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 various policy instruments to be adopted in the near future, of which we highlight the Multiannual Financial Framework (Portugal 2030) and the 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 biggest stimulus package ever funded from the EU budget, totalling €1.8 trillion, to help rebuild Europe post-Covid 19, 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 (M€) in grants (non-repayable), to which around 14.2 M€ in the form of loans can be expected to be added.

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