Portugal

No amount/estimate: (i) The Banco de Portugal (BdP) has relaxed some aspects of its macroprudential measures for consumer credit; (ii) Series of measures directed to less significant banks under its supervision: (a) the possibility to temporarily operate below selected capital and liquidity requirements; (b) a recommendation to restrict dividend distributions; (c) extension of deadlines of some reporting obligations, (d) rescheduling of on-site inspections and the stress test exercise; (ii) June, new consumer credit (maturities up to 2 years), granted between 1/4-30/9 to mitigate households’ temporary liquidity shortages will not have to comply with the DSTI ratio threshold.

(i) EUR6.2 billion (3.2% GDP) of (within-year) tax and social security contribution deferrals for companies and employees; (ii) No amount/estimate: 29 March 2021, deferral on the payment of VAT and IRS and IRC withholding taxes. (iii) No amount/estimates; 22 July 2021, government approved new extensions of deadlines to comply tax liabilities which includes the annual corporate income tax.

(i) No amount/estimate: Council of Ministers approves VAT return program in the most affected sectors (accommodation, restaurants and culture).

(i) EUR1 billion per month (0.5% GDP) in financial support for those temporarily furloughed by their employer; (ii) No amount/estimate: Additional financial support is also provided for: the self-employed affected by the virus; people forced to stay home to care for children, and; those sick or in isolation; (iii) No amount/estimate: 18 June 2020, extension on the existing measures for maintaining jobs in companies suffering from the COVID-19 crisis. Moreover, two more instruments are created: (a) compensation for workers with wages below certain minimum and b) incentives for companies to reincorporate workers; (iv) No amount/estiamte: 12 March 2021, Direct EUR438.81/month to culture workers.; (v) 18 May 2021, the allocation of the Guarantee Culture program - for non-business artistic entities - is increased from 12 to 23 million euros: (vi) June 2021, EUR1.2 billion to support housing programs.

(i) EUR25 million fiscal package to support the entrepreneurship ecosystem; (ii) 21 June 2020, EUR10 million grants for social companies to hire new employees and adapting to COVID-19; (iii) 20 October 2020, EUR9.35 million Portuguese employment aid scheme to preserve jobs on the Azores Islands during the coronavirus outbreak; (iv) 14 January 2021, extension until March 2021 of the Programa Apoiar: access to aids up to 20% of the reduced profits. All companies whose activities will be affected by the new restrictions could access the "simplified layofff regime", the state will compensate partially or totally employee wages; (v) 12 March 2021, EUR42 million for Garantia Cultura and EUR30 million support for the sports sector. ; (vi) 12 March 2021, extension of the programs Apoiar Rendas and Apoiar + Simples. Financing 50% of business rentals and direct grants for business.; (vii) June 2021, EUR300 million to promote energy efficiency in residential buildings, EUR185 million to support private projects for the production of renewable hydrogen and other gases, EUR650 million digital transformation of SMEs.

(i) 27 July 2020, EUR7 milllion puchase of equipment for schools; (ii) 14 January 2021, EUR42 million support plan for cultural sector (Plan Garantir Cultura); (iii) June 2021, EUR521 million upgrading technological laboratories and technical equipment in secondary schools and professional training centres and EUR130 million to upgradie science facilities in secondary schools and universities to raise enrolment rates in science, technology, engineering, arts and mathematics courses, particularly of women to promote gender equality and counter stereotypes in career choices.

(i) 30 June 2020, EUR125 million to increase investment in education; (ii) November 18, EUR12.2 million aid to agriculture sector to minimize the economic and financial impacts caused by the pandemic Covid-19; (iii) 21 May 2021, government presents Action Plan of EUR6 billion to reactivate tourism.

(i) 21 October 2020, EUR1 billion of EU Cohesion policy funds to support Portugal's recovery redirected to COVID programs; (ii) 22 July 2021, EUR16.6 billion financing provided by the Recovery and Resilience Facility with EUR13.9 in grants and EUR2.7 billion in loans.