Brussels is still “not in a position” to reveal the totality of grants from each country

The European Commission will allocate 9,1 billion euros to Portugal's lost fund over the next two years through the Recovery and Resilience Mechanism. It expects to deliver another 4,1 billion euros through this instrument in 2023 in grants, but this amount depends on the evolution of GDP. There are even more funds from other programs to come, but the programs do not have pre-assigned national envelopes.

The European Commission revealed this Thursday that Portugal should receive from the Recovery and Resilience Mechanism, the main instrument of the Recovery Fund, 13,2 billion euros in grants. However, to this amount there are still 349 million euros from the Fair Recovery Fund and funds from the other funds, also in grants, but whose value for each country is not yet closed, since it does not have pre-defined envelopes.

"The Commission is not in a position to indicate the total allocation of funds available for each Member State under each of the other elements of Next Generation EU at this stage, as several of the instruments do not have pre-assigned national envelopes", explains a spokesman for the community executive to Jornal Económico.

The calculation released this Thursday by the European Commission points that the country will receive 9,1 billion euros between 2021 and 2022 in grants and 4,1 billion euros in 2023 (at 2018 prices) through the Recovery and Resilience Mechanism. The Prime Minister announced, in July, that Portugal would receive 15,3 billion euros at a loss, according to calculations of the principle agreement reached by the leaders of the European Union. However, this amount includes not only funds from the Recovery and Resilience Mechanism, but also from the remaining funds provided for in the recovery agreement.

"The Commission has published the award of grants to all Member States under the Recovery and Resilience Mechanism, based on the conclusions of the European Council of July 2020", stressed the European Commission spokesman. "However, it is important to note that the Recovery and Resilience Mechanism is only one element of NextGeneration EU, the European Union's recovery instrument."

The same source also highlights that "30% of the total grants awarded under the Recovery and Resilience Mechanism will be allocated based on the observed drop in real GDP in 2020 and the accumulated loss of real GDP in the period between 2020 and 2021".

The 4,1 billion euros forecast for 2023 (at 2018 prices) of the calculations released this Thursday are thus “an estimate based on forecasts and will only be finalized when Eurostat presents the final data in June 2022 ”.

In July, after a negotiating marathon that was mere hours away from the longest in the Union's history, the European Council reached an agreement for a recovery package in the global amount of 1,82 billion euros, which includes the Social Security Fund. Recovery of 750 billion euros. It is precisely within the scope of this Fund, that the Recovery and Resilience Mechanism is included, to which countries will have to direct the recovery sides to access the funds.

Prime Minister António Costa confirmed this week that the Government will present on 14 October, and after listening to all political parties, the preliminary program of the recovery plan, which he will send to Brussels the following day. Countries can submit the final plan until April, but the European Commission has urged governments to present preliminary plans as early as October.

The Government was in Brussels last week, in a round of meetings to prepare the dialogues. “Our objective is very simple: to establish the best possible conditions, both from a programmatic point of view and from a practical point of view so that the dialogue with the European Commission allows the plan to be among the first to be presented, the first to be presented. discussed and among the first to be approved ”, said the minister of Foreign Affairs, Augusto Santos Silva, in statements to journalists reproduced by Lusa.

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