Lisbon, Aug. 28, 2026 (Lusa) - The minister of the economy confirmed on Friday in Lisbon that the Recovery and Resilience Plan (PRR) has been fully implemented, meeting the deadline agreed with Brussels.
«All 44 reforms have been fully completed. Portugal has fully implemented its PRR,» said the minister of the economy and territorial cohesion, Castro Almeida, at a press conference in Lisbon.
The minister indicated that Portugal had met 100% of the PRR's milestones and targets, thereby securing more than €16 billion in funding.
However, the minister pointed out that the loan component, which amounts to around €5.5 billion, will also be fully implemented, «barring any unforeseen circumstances».
Castro Almeida explained that, to ensure the plan's full implementation, investments amounting to 101% of the target had been contracted, as a precaution against possible delays – a situation he said justified the works still to be completed, which he classified as «investments exceeding the targets».
The minister noted that the Government had increased the plan's original scope and that the revisions constituted «responsible risk management», which did not compromise the strategic objectives.
As for the projects that had to be withdrawn from the PRR to ensure that deadlines were met – such as the Todos os Santos Hospital – the minister assured that they would have other sources of funding, namely Portugal 2030 and the state budget, without estimating the expected impact.
When pressed by journalists to estimate the budgetary impact, he stated that it was «impossible to work that out today», adding that a more accurate figure would only be available in September.
However, he assured that this matter «is not a cause for concern», as what is at stake is a «minor adjustment of 1%».
In this regard, he pointed out that it is not yet certain whether it will be necessary to draw on the state budget as an alternative source, although he noted that this will probably be the case.
«The exact figure will only be finalised in September. It is impossible to have that figure today,» he reiterated.
He also highlighted that when the Government took office, less than 20% of the PRR had been implemented, emphasising that the remaining 80% had been carried out in half the time.
With regard to housing in particular, he stressed that the PRR's targets will be exceeded, explaining that the aim was «to provide people with homes – some new, others renovated because they were unfit for habitation or were not on the market».
The deadline for implementing the PRR, set by Brussels, expires on Monday.
The PRR is designed to implement a series of reforms and investments with a view to restoring economic growth.
As well as aiming to repair the damage caused by Covid-19, this plan is intended to support investment and create jobs.
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