Portugal plans to inject €22.6Bn in economy over nine years

Portugal’s Prime Minister, Luís Montenegro, says the government has a new investment plan – Portugal Transformation, Recovery and Resilience Plan (PTRR) which will inject around €22.6Bn over nine years into the economy.

Montenegro explained that: “we intend to have a coordinated set of 96 reforms and investments of short, medium and long term, which will complement all other programmes that are under execution”.

“Each measure is scheduled and phased with a short-term objective set for this year, a medium-term objective for this parliament, and a long-term objective set for this parliament and the next,” he stated.

Luís Montenegro presented the ‘Portugal Transformation, Recovery and Resilience’ (PTRR) programme yesterday (Tuesday) with a total investment pot of €22.6Bn and a time horizon of nine years.

Furthermore, he also announced that the PTRR will be managed through an agency created for this purpose and that it will exist until 2034.

“Exactly one year ago, we faced a blackout. Exactly three months ago, we were hit by Storm Kristin, which had a particular impact on the Central region,” noted the Prime Minister, adding: “Portugal has been battered by extreme phenomena in recent years.”

Three pillars

According to the Prime Minister, “this plan has three pillars and a transformative ambition: the pillars of recovering, protecting, and responding.

“It is a plan that will be rolled out across 15 domains and comprises 96 measures.” “The goal is that we can recover in a more resilient way, that we can protect people and businesses,” he detailed.

Montenegro explained that: “we intend to have a coordinated set of 96 reforms and investments in the short, medium and long terms, which will complement all other programmes that are currently underway.”

The Prime Minister mentioned that the funding sources had been identified and the total value of the plan was €22.6Bn.

“They are distributed between public and private investment, it is predominantly nationally financed.”

Regarding how it will be managed, Montenegro stressed that: “We propose that the PTRR be managed through an agency whose validity will cover the same period as these nine years, from 2026 to 2034, and that this agency will coordinate and execute it.”

Photo: Prime Minister Luís Montenegro and government ministers at the launch of the PTRR Programme in Lisbon on April 28, 2026.

Source: Jornal Económico; Credits: ANTÓNIO PEDRO SANTOS/LUSA
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