The EU Commission has given the green light to the first national recovery plan. This is the Portuguese one, with 13.9 billion in grants and 2.7 billion in loans. The Commission found that Portugal's plan allocates 38% of its total budget to measures in support of climate objectives. This includes investments to finance a large-scale renovation program to increase the energy efficiency of buildings and its promotion in industrial processes along with the use of alternative energy sources. According to the Brussels analysis, 22% is allocated to the digital transition. This includes efforts to digitize the public administration and to modernize the information systems of the National Health Service,as well as technological laboratories in secondary schools and vocational training centers. Furthermore, Portugal's NRP includes "a wide range of mutually reinforcing reforms and investments, which help to effectively address all or a significant part of the economic and social challenges outlined in the country-specific recommendations addressed to Portugal by the Council" in the recommendations 2019-2020. It includes measures in the areas of accessibility and resilience of social services and the health system, the labor market, education and skills, R&D and innovation, climate and digital transition, business environment, quality and sustainability of public finances and the efficiency of the judiciary. "The plan represents a comprehensive and adequately balanced response to Portugal's economic and social situation, thus contributing appropriately to all six pillars of the Recovery Regulation, "writes the Commission.
Recovery: ok from Brussels on the first floor, it's from Portugal
2021-06-19T12:42:04.921Z
It weighs 13.9 billion in grants and 2.7 billion in loans (ANSA) The EU Commission has given the green light to the first national recovery plan. This is the Portuguese one, with 13.9 billion in grants and 2.7 billion in loans. The Commission found that Portugal's plan allocates 38% of its total budget to measures in support of climate objectives. This includes investments to finance a large-scale renovation program to increase the energy efficiency of building