Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure PT-2020-13/990 – Updated – measures in Portugal
|Country||Portugal , applies nationwide|
|Time period||Temporary, 27 March 2020 – 31 December 2021|
|Type||Legislations or other statutory regulations|
Measures to prevent social hardship
– Preventing over-indebtedness
|Author||Heloisa Perista and Maria da Paz Campos Lima (CESIS)|
|Measure added||13 July 2020 (updated 17 November 2021)|
The Decree-Law 10-J/2020, of 26 March, in force since 27 March, established extraordinary measures for the protection of bank clients in the existing context of public health emergency, creating a moratorium regime regarding the fulfilment of the obligations due for credit contracts. This moratorium in is force until 30 September 2020.
The Resolution of the Council of Ministers 41/2020, of 6 June, that approved the Economic and Social Stabilization Programme extends the existing banking moratorium until 31 March 2021.
The Decree-Law 10-J/2020, in force since 27 March, established extraordinary measures for the protection of bank clients in the existing context of public health emergency, creating a moratorium regime regarding the fulfillment of the obligations due for credit contracts. This moratorium was initially in force until 30 September 2020 and was extended by the Resolution of the Council of Ministers 41/2020, of 6 June, that approved the Economic and Social Stabilization Programme, until 31 March 2021.
The Resolution of the Council of Ministers 41/2020 also:
The following updates to this measure have been made after it came into effect.
|31 July 2021||
Law 50/2021 of 30 July extends bank moratoria, amending Decree-Law 10-J/2020 of 26 March, which establishes exceptional measures to protect the credits of families, companies, private social solidarity institutions and other entities of the social economy, as well as a special regime of personal guarantees of the State, within the scope of the COVID-19 pandemic.
Article 5-D, with the following wording, is added: the beneficiary entities will benefit from the additional extension of these measures from 1 October to 31 December 2021, exclusively with regard to the suspension of the reimbursement of capital.
|01 January 2021||
Decree-Law 107/2020 of 31 December makes the fifth amendment to Decree-Law 10 -J / 2020, of 26 March, amended by Law 8/2020, of 10 April, by Decree-Law 26/2020, of 16 June, by Law 27 -A / 2020, of 24 July, and by Decree-Law 78 -A / 2020, of 29 September, which establishes exceptional measures to protect the credits of families, companies, private institutions of social solidarity and other entities of the social economy, as well as a special regime of personal guarantees of the State, within the scope of the COVID-19 disease pandemic.
This decree-law comes into force on 1 January 2021 and is effective until 30 September 2021.
|02 October 2020||
The Decree-Law 78-A/2020, of 29 September, amends the Decree-Law 10-J/2020, of 26 March, notably in what concerns banking moratoriums. The exceptional measures to protect the credits of families, businesses and social economy organisations are extended for an additional period of six months, until 30 September 2021.
Article 3 of the Decree-Law 78-A/2020 establishes in particular that profit distribution, in any form, the reimbourserment of credits to the partners and the acquisition of shares or own quotas, by the beneficiary organisations, leads to the cessation of the foreseen exceptional measures.
Information not available.
|Does not apply to workers||
|Applies to all citizens|
No special funding required
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement as case not in social partner domain||No involvement as case not in social partner domain|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Eurofound (2020), Banking moratoriums, measure PT-2020-13/990 (measures in Portugal), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/PT-2020-13_990.html
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