2 weeks ago
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“Portugal is preparing to halt relying connected European Union (EU) funds successful the adjacent semipermanent fund rhythm and go a nett contributor, confident it tin vie for task backing connected merit,” Prime Minister Luis Montenegro said.
"We are mobilising Portugal to be prepared, not to basal with an outstretched manus asking, but to contiguous credible, ambitious, beardown projects that tin beryllium selected on the ground of their merit," helium said astatine a league precocious connected Tuesday (May 12, 2026).
Portugal has received astir €180 cardinal ($211 billion) successful EU funds since joining successful 1986, successful changeless 2021 prices, portion contributing astir 50 cardinal euros, according to Bank of Portugal data.
Mr. Montenegro said the EU's adjacent fund cycle would bring a much competitory backing system, with projects judged connected merit and their quality to standard companies globally. "This is not a process we should fear, but 1 we should instrumentality portion in," Mr. Montenegro said.
He said Portugal supported EU cohesion policy, informing the bloc weakened without enactment for little developed economies, hurting some laggards and their economical partners.
The authorities forecasts a balanced fund this year, pursuing a surplus of 0.3% of gross home product successful 2025, marking Portugal's 4th consecutive twelvemonth successful the black. ($1 = €0.8523)
