The government’s manager and adviser António Costa e Silva warns, in an interview with Antena 1 this Friday, that the failure to implement the Recovery and Resilience Plan (PRR), “could dictate the end of a generation.
Oil company Partex, who was invited by the prime minister, António Costa, to draft an economic recovery plan for the country in the post-pandemic, told Antena 1 microphones that he is not sure that the document will come out of the drawer , even warning that its “failure could dictate the end of a generation”.
“The country has already had many programs that ended up in the drawer. Things are extremely difficult and I’m not sure at all“, Said the author of the PPR, admitting some scenarios that could lead to its failure, such as the“ lack of political scope ”or“ entry into a kind of drift ”.
Costa e Silva also said that it may have been misinterpreted when he spoke of the state.
“We saw in a cycle that self-regulated markets were the solution for everything, today it is not so. These markets do not necessarily work for the public good and I’m a business person and markets are vital, they are machines for creating innovation, prosperity, they generate wealth, but they have to there must be a strict combination between the markets and the state“, He said in statements in the same interview, cited by Eco.
In Costa e Silva’s opinion, and when the country is plunged into a health crisis like that of covid-19, it is not the market that saves the country, but the National Health Service (SNS).
“We cannot dismantle or privatize some of the public services, we have to pay close attention to that and agree with the private sector. This virtuous articulation is central to the future ”, concludes António Costa e Silva.
Document delivered in Brussels
The Government delivered the PPR this Thursday in Brussels, in which it estimates that the Portuguese economy needs about a decade to recover from the pandemic.
According to the first draft of the document delivered this Thursday to the European Commission by the Government, the PRR will allow “that in 2030 the portuguese economy have fully recovered of the shock caused by the pandemic, reaching a GDP identical to that which it would reach in a scenario of no such shock ”.
In addition, the Government already allows recourse to loans under the European Recovery and Resilience Mechanism, worth 4.3 billion euros, for accessible public housing, support for companies and railway rolling stock.
“The Portuguese Government took the decision to maximize the use of European funds as a subsidy and to minimize the use of loans that may give rise to an increase in public debt”, it reads, but, even so, the executive lists three investments that deserve a careful assessment of your eligibility, and under what conditions, for the loan component of the European Recovery and Resilience Mechanism ”.