The Portugal 2020 program (PT 2020) reached an execution rate of 103% by the end of 2024, and 109% commitment, according to the latest European Union Funds Bulletin.
“Portugal 2020 reached the last quarter of 2024 a 109% commitment rate and an execution rate of 103%,” reads the document.
The expense executed increased 271 million euros compared to the third quarter of 2024.
With the highest execution rates compared to the scheduled fund, we highlight the domains of social inclusion and employment (113%), sustainability and efficiency in the use of resources (108%) and maritime and fishing matters (103%).
Still when it comes to execution, only rural development programs (PDR) have rates below 100%.
Madeira’s PDR has 81% execution, the Azores 88% and the continent 97%.
In the opposite direction are the programs of 2020 (108%), sustainability and resource use efficiency (105%), Center 2020 (105%), Lisbon 2020 (105%) and Madeira 14-20 (105%).
Then the Norte 2020 (104%), social inclusion and employment (103%), Alentejo 2020 (103%), Sea 2020 (103%), Algarve 2020 (102%)Azores 2020 (102%), technical assistance 2020 (101%) and human capital (101%).
PT 2020 consists of a partnership agreement between Portugal and A, “in which the Programming Priorities and Priorities for the Economic, Social and Territorial Development Policy of Portugal are established between 2014 and 2020”.
The first contests of the PT 2020 program were opened in 2015.
The program is covered by rule N+3, which means that although its effectiveness ended in 2020, three years were given for its execution.
December 31, 2023 corresponded to the deadline for prosecutors to make and pay expenses, but not at the end of the program. By the end of July 2024, the beneficiaries were able to submit requests for reimbursements to the management authorities of their programs.
Management authorities perform verifications, validate and pay expenses, while the certification authority analyzes and formalizes the last request for payment of operational programs.
This month, the closing documents, which includes the final execution report, must be presented.
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