The procedures for the frontloading of European budget funds and multi-annual expenditures were approved

The joint Ministerial Order of the Ministry of Finance and Planning No. 48/2021 was published on 4 March 2021, which establishes the procedures for the frontloading of European budget funds and multi-annual expenditures, and respective control mechanisms, regarding European financial instruments, whose programmes for Portugal have not yet been approved, but whose legally established eligibility date allows expenses under those programmes.

The present Ministerial Order applies to the Recovery and Resilience Facility (RRP) and the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), both under the program Next Generation EU.

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[Photo by: Mika Baumeister, available at unsplash.com]