Portugal must continue on the so-called “path of the right bills” and the most recent proof of this is the fact that the Ministry of Finance informs its investors/creditors in the Portuguese debt that the government deficit (the lion’s share of the global deficit) this year will fall sharply, as has been noted for months.
The crisis therefore does not seem to deter the finance minister, who continues to aim for a reduction of the government deficit (the part of government accounts that he has full control) of 40% by 2022.
This milestone, to be reached, not only indicates that there were no slippages in the accounts, but also makes it possible to reach a more favorable starting point for next year’s deficit target.
In the deficit report sent to Brussels last week, Medina maintained its deficit target of 1.9% of gross domestic product (GDP) for this year.
Read the full article on Dinheiro Vivo
Source: DN
