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Lusa - Business News - Portugal: €600M for employment, decent working conditions




Lisbon, April.16,2021(Lusa) - The Recovery and Resilience Programme (RRP) will have €600 million to stimulate employment and decent working conditions, €250 million of which will be for the disadvantaged areas of Lisbon and Porto, according to the Stability Programme.

"Among them, the integrated operations in disadvantaged communities in the Metropolitan Areas of Lisbon and Porto stand out, with around €250 million, where the focus is on vocational training and policies to promote employability adjusted to local realities and dynamics, as well as increasing the qualification of adults and the certification of their skills, as well as completing qualification paths for active young people," the document said.

According to the Stability Programme, the government wants to increase school and vocational qualifications of the adult population, develop skills for innovation and industrial renewal, adjusting supply to the transformation of labour markets and the new requirements of employability, and promote awareness of the importance of adult literacy among employers and workers.

"In this way, two complementary instruments will be promoted in the scope of the promotion of lifelong learning: the National Adult Literacy Plan and Impulso Adultos, aimed at higher education institutions, including universities and polytechnics in articulation with public and private employers," the document states.

The government approved the 2021/2025 state budget on Thursday, a document that forecasts that Gross Domestic Product (GDP) will grow by 4% this year, below the 5.4% previously forecast, and by 4.9% in 2022.

As for unemployment, the government expects the rate this year to be 7.3%, above the 6.8% at the end of 2020, but below the previous forecast of 8.2%.

The deficit of Portuguese public accounts will be 4.5% this year, from 2022, it will reach 3.2%, and from 2023 it will again be below 3%.

This year, public debt should be 128% of GDP, then fall to 123% in 2022, 121% in 2023, 117% in 2024 and 114% in 2025.

RRA/ADB // ADB.

Lusa


Agency : LUSA

Date : 2021-04-17 10:02:00







 

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