The president of CIP – Business Confederation of Portugal opined on Tuesday that the state budget for 2024 (OE2024) is not bold and does not take action, as no measures have been taken to stimulate investments, and that the economy risks becoming anemic.
“Most measures are not new, they are mainly permanent. It is a budget that does not dare, that does not undertake. […] The economy risks becoming anemic if it does not dare to do business,” CIP President Armindo Monteiro said on Tuesday at a press conference in Lisbon on the Social Pact, the state budget and economic prospects for the future. 2024.
For the Entrepreneurs Federation, one of the inadequate aspects of the document is the lack of measures to stimulate investment, but it highlights the increase in household income through tax reductions and the reduction of public debt as positive aspects.
“We are well aware that it is important to make choices in the budget and therefore it is always a balance between possible consequences, but our concern is that if these consequences are not expected, they could have dramatic consequences, both for families as for families. companies.”, Armindo Monteiro noted.
The government last week submitted the 2024 state budget proposal (OE2024) to the Assembly of the Republic, which will be discussed and voted on generally on October 30 and 31, with the final global vote scheduled for November 29.
Source: DN
