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2023-01-30 1615

PT2020: Portugal ranks second among the countries that most implement funds in the European Union

According to the European Commission data (DGBudget, December 2022), at the end of 2022, Portugal had a reimbursement rate of 81% of the Portugal 2020 funds, which places the country second in the ranking of the 15 Member States with similar budgets (over 7 billion euros), a rate that is 6 percentage points higher than the EU average.

In 2022, the European Commission transferred 3.294 billion euros to Portugal, as pre-funding or expenses’ reimbursement, an amount that was only surpassed in 2021 and 2020, mostly due to the effect of the liquidity boosting measures to mitigate the costs of the Covid-19 pandemic.

Portugal is second place in the ranking, surpassed only by Poland (82%), with the Czech Republic coming third (81%). 

The result obtained on a European level also corresponded to what happened at national level with Portugal 2020 achieving an implementation rate of 87% at the end of 2022, going beyond the target set by the Cohesion Policy Funds by around 100 million euros.

 In 2023, the last year of implementation of Portugal 2020, "the monitoring mechanisms for recipients will be intensified, fostering a good wrap-up of the projects to maximize results and the full absorption of the European funds available", noted the cabinet of the Minister of the Presidency, Mariana Vieira da Silva.