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PRR execution rate at 61.8% of what was forecast in the 2023 State Budget proposal
The execution rate of the Recovery and Resilience Plan (RRP) was set at 61.8% of what was foreseen in the 2023 State Budget Proposal (OE2023), in a deviation of 2,282 million euros, the Public Finance Council (CFP) announced today.
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Economia CFP
According to the report "Budgetary Evolution of Public Administrations in 2023", released today by the CFP, the execution of the RRP in the first three years of implementation (2021-23) points to a global value of 2.41 billion euros, two thirds of which (i.e., 0.6% of the Gross Domestic Product - GDP) related to the execution in the year 2023.
According to the institution led by Nazaré da Costa Cabral, despite the fact that "an acceleration in the application of funds" was recorded, the execution of the RRP in 2023 "continued to fall short of what was predicted by the Government in the budget programming documents".
"The execution rate in relation to what was predicted in the POE/2023 [OE2023 Proposal] was set at 61.8%, which represents a deviation of 2.282 billion euros", can be read in the report.
Thus, it argues, the execution rate achieved "once again proved to be insufficient to boost public investment, which since 2012 has shown an inability to replenish the 'stock' of public capital, resulting in a negative net investment, which harms the potential for economic growth".
Read also: Temido says that criticism of the execution of the RRP "is froth and not reality" (Portuguese version)
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