NSRF: Portugal still has 3.600 million in his pocket to use – TVI24

NSRF: Portugal still has 3.600 million in his pocket to use – TVI24

Are EUR 3,600 million in the previous program of Community funds which Portugal has in his pocket and it can use, but still did not give money to the destination. Still, the Deputy Minister and Regional Development believes it will not be necessary to return “a single euro in Brussels.” The money will be guaranteed, and injected into the economy in the country.

“It’s money that we inject into the economy and in the country, over the months that remain until the end of 2015 and our belief that the country will not return a single euro to Brussels,” said Miguel Poiares Maduro, in end of the Council of Ministers, where the regulations of the new framework for EU funds (Portugal 2020) programs were approved.

The previous framework (NSRF), which remains in operation until the end of 2015, is with an implementation rate of 82%, “the best rate of implementation of the European Union”, he stressed, quoted by Lusa . Poiares Maduro added that this gives more reason “to be comfortable” with the conviction that it will be possible to “fully implement all funds’.

According to the minister, it will be possible to combine the application of funds of the NSRF with the new 2020 Portugal, whose programming period runs from 2014 to 2020 and has a financial envelope of around 25 billion euros.

The Secretary of State for Regional Development, Manuel Castro Almeida stressed, meanwhile, that the € 3,600 million still available in the NSRF are no remaining money: “All the money is committed and the NSRF have committed over our cash availability. ” It is what is termed overbooking .

For some companies or utilities not completely execute the contracts they have, the government committed money up the cash to get a clearance which ensures that the entire budget is executed and there is no money be returned to Brussels, “This gap is set at 6% ‘and corresponds to just over € 1,200 million, he said. And said further that “contests as reserves in case these prove insufficient slack ‘are being opened.

Castro Almeida stressed that “experience shows that execution is always below the planned ‘, so there are contracts made above the amount available, and the rate of overbooking committed according the history of previous Community frames.

As for the new Portugal in 2020, estimated that the first contracts for funding are signed in early 2015 and that the money begins to reach companies from spring 2015

Government intends that the 2020 Portugal reaches an execution rate of 5% by the end of next year, Castro Almeida considered as a major breakthrough compared to the value of 2% which was performed in the first year of the previous frame, the NSRF, which lasted 2007-2013.