At a time of economic uncertainty for Portugal, the government is preparing to present the first state budget on 10. The debate promoted by Dinheiro Vivo, DN, TSF and JN to put into perspective what is expected in the next SO should be drafted, which will be the first complete of this government with an absolute majority.
For Marco Galinha, CEO of the Global Media Group, companies in Portugal faced great challenges after a pandemic and faced many difficulties to face one of the most difficult moments of the past decades. “Many times resilient and, very well, the state itself has created mechanisms to better withstand the effects of the pandemic, we found this military conflict in Europe. Perhaps one of the most challenging moments of the business future, not least because the best way to fight poverty and create jobs and conditions so that wages are viable,” he said opening the session.
“We had an inflation rate of 9% and a huge difficulty in all the supply chains and all the breakages, the fiscal costs. We ended, again, with all the resilience to overcome all these problems,” praised the businessman.
“There’s a lot of talk about improving working conditions. It’s always very difficult with all the tax burden we have – and we know full well that a country’s credibility is seen in strong public finances – basically all these issues that have a big impact on a country’s productivity and results that influence a country’s good results are perhaps the most important thing we are going to discuss here today,” he launched.
Dinheiro Vivo director Joana Petiz, in turn, said that the challenges facing the country are great, a moment of “unprecedented difficulty” and that even the 2011 crisis was not as difficult as this one. “We came out of a two-year period of a pandemic, where companies faced enormous difficulties and entered a period of much greater difficulty with rampant inflation expected to move quickly.” Inflation, on the other hand, will continue as we know. It means a year of inflation levels that the Portuguese were not used to, setting consecutive records. Now we are witnessing a stabilization, but that does not mean a relapse. This will have “effects at all levels. For families, for companies. It is a period of extreme difficulties and it is necessary to keep proper accounts,” he said. “We know that a recession is looming in Europe and if we don’t strengthen the country properly – a country with a debt burden like ours – everything will turn out for the worst.
Source: DN
