European aid. Housing and Health top priorities for 14 billion “bazooka”

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The Government admits the use of almost 2.7 billion euros of loans under the Recovery and Resilience Plan (PRR). But it will only use this possibility if the loans do not imply an increase in the public debt indicator.

That 2,699 million can thus bring together almost 14 billion European grants that the PRR provides for.

Housing, which is already the sector with the most investment foreseen in the Recovery and Resilience Plan, with more than 1,600 million euros, is also the sector that may still benefit from still more 1,149 million through loans.

The priority to housing is explained by the Government with the fact that the “normal” structural funds do not allow to finance this sector, which is now allowed by this plan.

The new version of the PRR, in a model of a synthesis document, is put on Tuesday for public discussion, on the government portal. This is followed by two weeks of public consultation, which includes meetings between the Government with formal partners and contributions from citizens. The objective is to deliver the document to Brussels in early March and the Government wants to have measures already on the ground before the summer.

Right after housing comes health, where investments in primary care, long-term care and other dimensions of the health sector will receive 1,383 million euros from the so-called European “bazooka”.

As we read in the introduction, the Recovery and Resilience Plan was organized into three structural dimensions: Resilience, Climate Transition and Digital Transition. These dimensions are realized through 19 Components that in turn integrate 36 reforms and 77 investments. In relation to the initial document presented in October, this version is much more concrete in terms of measures and details.

The bulk of the PPR goes to the Resilience dimension, which concentrates 61% of the global amount of the PRR and “reflects the strong priority attributed to the strengthening of the country’s resilience”, as read in the document.

“The strengthening of the country’s economic, social and territorial resilience is particularly relevant as a first-line response in the transition from economic and social stabilization to recovery. A necessary recovery for the Portuguese economy and society to be better prepared for future shocks, regardless of their nature. The timely nature of measures to strengthen the country’s resilience is essential to stop the effects of the crisis, but also to pave the way for the construction of a more competitive, more cohesive and more inclusive economy, with a greater capacity to take advantage of the opportunities resulting from the climate and digital transitions of the economy, society and territories ”, justifies the Government.

Source: Renascença – Noticias by

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