Monday, March 1, 2021

Companies will have 4.6 billion (not counting indirect support and contracts)

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Hugo Delgado / Lusa

The Prime Minister affirms that the Recovery and Resilience Plan (PRR) directly destines 4.6 billion euros to companies, to which is added other indirect support, in addition to contracts for housing programs or public works.

This position was transmitted by António Costa in a new video released this Tuesday on the Government’s Internet portal and on social networks, under the initiative of the executive “PRR in debate”.

In an indirect response to criticisms made by some business agents and opposition party leaders, the prime minister starts by saying that he has realized that “there are some doubts if the PRR duly supports companies ”.

“I would like to point out that in the PRR they are directly reserved for companies EUR 4.6 billion to invest by 2026, from the start 1,209 million euros for the agendas for reindustrialization, 1,250 million euros for the capitalization of companies and 370 million euros to support job creation ”, he maintains.

According to the executive’s leader, the PRR envisages “a very strong investment in decarbonization of industry, 715 million euros, to which is also added support for renewable energies and energy efficiency companies ”.

“And there are 650 million euros directed directly so that companies can take advantage of the full potential of scanning“, He says.

However, alongside the 4.6 billion euros earmarked directly for investment in companies, António Costa points out that there is also “a set of other investments that companies are indirectly beneficiaries”.

“When we invest in the best professional training, namely in training in engineering, science, technology, in the arts, we are obviously investing in the qualification of our young people, but, also, indirectly, to improve human resources of our companies. When we are investing in business location areas in the interior and opening new connections to Spain, we are developing the interior, but at the same time, the create better conditions of attractiveness for companies ”, exemplified the Prime Minister.

Then, António Costa rejects the existence of a dichotomy between the State and the private sector in the national economy.

The leader of the executive says that when the country invests in the best quality of public services, in their digitalization and reduction of bureaucracy, it is reduce context costs. “It is 260 million euros just to improve the efficiency of economic justice”, he stresses.

In addition to indirect support, the prime minister also points out the value for companies resulting from contracts to be signed in the coming years under this PRR.

“When did we decide to make housing for 26 thousand families, when did we decide to extend the networks of the Lisbon and Porto metro, or the tram to Loures, at the bottom of whom we are commissioning these works? The companies. Whether for direct support, indirect support or contracts signed with companies, the PRR even supports Portuguese companies ”, defends the Prime Minister.

The PRR, which Portugal presented to access the community funds to face the consequences of the covid-19 pandemic, foresees 36 reforms and 77 investments in the social, climate and digital areas, corresponding to a total of 13.9 billion euros of grants.

After a first draft presented to the European Commission last October, and a process of talks with Brussels, the Portuguese government placed the preliminary and summarized version of this plan in public consultation, at the beginning of last week.

According to the executive, three “structuring dimensions” of bet – resilience, climate transition and digital transition – to which € 13.9 billion of non-refundable grants from European funds will be allocated.

The document also provides for € 2.7 billion through loans.

Partners fear exclusion of ideas for bazooka

With the delivery of the PRR to Brussels in early March, a public consultation that ends on March 4, 11 seminars to explain the sector’s details of the document and a meeting this Tuesday of the Social Dialogue, the calendar is tight.

“One of the criticisms is that the government presents, listens, but does not take into account the contributions”, he shot João Vieira Lopes, president of the Confederation of Commerce and Services of Portugal (CCP), speaking to the Daily News, remembering that “represents 105 associations with a very heterogeneous character and with different sensibilities.”

“It is strange that a document of this scope does not have references to a sector such as commerce, which accounts for two thirds of employment and two thirds of gross added value (GVA),” said the leader of the CCP. “It seems to be very focused on infrastructure. The economy must also focus on service innovation ”.

Luis Mira, secretary general of the Portuguese Farmers’ Confederation (CAP), also doubts the ability to incorporate all suggestions in such a short time, believing that the first tranches of European financing should only arrive after the summer, “if all goes well.”

The secretary general of CAP criticized the fact that “the large portion of the digital transition is Condition“, Remembering that“ the rural world and the agricultural sector are among the most backward ”.

Already Sérgio Monte, Deputy Secretary-General of the General Workers Union (UGT), does not expect much discussion. “It will not be the time to have great ideas,” he said. “We will give our opinion in writing”, praising the Government’s initiative to present the document to the Economic and Social Council (CES).

UGT praises some of the plan’s bets such as “public investment and professional training, taking into account that many workers will have to acquire new skills”. On the other hand, it criticizes the lack of a recovery plan for the interior “That has been voted to a certain forgetfulness.

In an article published in Cash Money, the president of the Confederação Empresarial de Portugal (CIP) António Saraiva wrote that “the version of the PRR that was put to public discussion failure in the low priority given to recapitalization reflected in the companies, both in the amounts allocated to them and in the uncertainty as to the solutions that will be adopted. ”

Maria Campos Maria Campos, ZAP //

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