The stabilization plan states that 250 million of this is for less developed areas such as Lisbon and Porto.
The Stabilization Plan (PE) stated that the Recovery and Resilience Program (PRR) will have 600 million euros to stimulate employment and decent working conditions, of which 250 million euros will be used for disadvantaged areas in Lisbon and Porto.
According to the European Parliament approved by the Council of Ministers on Thursday and handed over to the Parliament of the Republic, the PRR stipulates “government-related public expenditure measures” within the scope of “economic recovery measures and employment support”. The total amount of stimulus for employment and decent working conditions exceeds 600 million euros.”
“Among them, we focused on the integrated operation of disadvantaged communities in the metropolitan areas of Lisbon and Porto. It is estimated that about 250 million euros will be invested, and professional training and policy investment have been made in this area to adjust employability according to actual conditions and dynamics. The document says that the document adds to the qualifications of adults and proves their skills and completes qualification courses for active young people.
The European Parliament believes that the government hopes to improve the education and professional qualifications of the adult population, develop innovative and industrial renewal skills, adjust the conditions of labor market transformation and new employment requirements, and raise people’s awareness. The importance of adult literacy between employers and workers.
The document states: “In this way, two supplementary instruments will be promoted in the context of promoting lifelong learning: the National Plan for Adult Literacy and Adult Impulsivity, aimed at higher education institutions, including universities and polytechnics, as well as public and private Employer.”.
The government approved PE 2021/2025 on Thursday. The document predicts that gross domestic product (GDP) will grow by 4% this year, lower than the previous forecast of 5.4% and 4.9% in 2022.
As for the unemployment rate, the government predicts that this year’s unemployment rate will be 7.3%, which is higher than 6.8% in 2020, but lower than the previous forecast of 8.2%.
Portugal’s public account deficit will reach 4.5% this year, 3.2% from 2022, and below 3% again from 2023.