Government sets specific guidelines for the financial circuit of the PRR

The Government defined, by decree published this Monday, specific guidelines regarding the financial circuit of support from the Recovery and Resilience Plan (PRR), under the Recovery and Resilience Mechanism (MRR), received from the European Union as loans .

The diploma defines the general rule for the contractualization of financing and payments under the PRR loans, between the Recuperar Portugal mission structure and the direct or intermediary beneficiaries and between the latter and the respective final beneficiaries, as well as the specific housing situation of students.

The general rule is that the financing is made available under the proposal of the mission structure, through loan contracts “on terms compatible with the satisfaction of the debt service and full compliance with the repayment plan of the loan taken out” by the Portuguese State with the European Union, and the repayment plan for loans taken out should “take into account the expected cash flow profile of the projects that the respective loan aims to finance”.

By way of derogation from this general rule, the ordinance establishes that the operations provided for in the PRR for the accommodation of higher education students are subject to specific conditions to be established by the members of the Government responsible for the areas of Finance and Planning, “considering the dimension of social action associated” with this measure.

The investments related to these operations, according to the diploma, are subject to contractual agreements between the Recuperar Portugal mission structure and the direct or intermediary beneficiaries and between the latter and the respective final beneficiaries.

The ordinance comes into force on Thursday, the day after its publication, and was signed on September 7 by the ministers of State and Finance, João Leão, and Planning, Nelson de Souza.

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