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Deficit

Home Deficit

Economy minister Pedro Reis assures "there will be no deficit" as a result of these measures. Image: Miguel A Lopes/ Lusa

Shhhh… Portugal heading for four years of deficit

Government insists “there will be no deficit”, but we are in an election campaign Tucked well into the back pages today is the news that the “next government that results

April 11, 2025by Natasha DonnIn Deficit, Government
Mário Centeno, governor of the Bank of Portugal. Image: Mário Cruz/ Lusa

Everyone appears to be trashing Bank of Portugal warning about a return to deficit

It is now widely understood that former finance minister, now Bank of Portugal governor, Mário Centeno’s bleak forecast for the economy in 2025 is ‘on its own’: every organisation/ think

December 16, 2024by Natasha DonnIn Bank of Portugal, Deficit
Image of President Marcelo: Rui Minderico/ Lusa

President dismisses ‘concerns’ about deficit

Socialists insist warnings (by former Socialist minister) ‘should be taken very seriously’ President of Portugal Marcelo Rebelo de Sousa has dismissed concerns about the possibility of a deficit in 2025

December 15, 2024by Natasha DonnIn Bank of Portugal, Deficit, President of the Republic
budget-surplus

Portugal records ‘second largest deficit surplus’ for 2nd quarter of 2023

Portugal in the second quarter of this year recorded the second-largest public sector budget surplus of countries in the eurozone and in the European Union, at 2.3% of estimated gross

October 23, 2023by Natasha DonnIn Deficit, Portugal News
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If economy gets worse, government will increase budget deficit – minister

Portugal’s minister of finance, Fernando Medina, said on Friday that the government is not stuck to this year’s budget deficit target and will allow it to be higher if economic

March 25, 2023by Inês LopesIn Deficit, Economy, Government, Portugal News
2022 deficit certain not to exceed 1.5%; economic growth “at least 6.7%” - PM

2022 deficit certain not to exceed 1.5%; economic growth “at least 6.7%” – PM

António Costa gives a broad interview to Visão Yesterday, the country heard PM António Costa was presenting a new ‘extra support’ for the country’s poorest citizens (of €240 per family)

December 15, 2022by Natasha DonnIn Deficit, Portugal News

Portugal’s 2021 deficit “will be close to 3%”, says governor of Bank of Portugal 

From a predicted 4.3% to ‘close to 3%’ – this is the magical forecast today by Portugal’s central bank governor Mário Centeno, who in one fell swoop seems to have

February 9, 2022by Natasha DonnIn Deficit
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IMF “duplicates pessimism over Portugal”

The IMF has ‘duplicated’ its already negative estimate over the size of Portugal’s deficit this year. The last projection was for 2.7% (while the Portuguese government itself was working on

April 6, 2021by Natasha DonnIn Deficit, Economy, IMF

Deficit falls “showing resilience of Portuguese economy”, says minister

News that Portugal’s deficit fell to 445 million euros in July is proof that the economy is “prepared” for current challenges, Finance minister Mário Centeno has declared. As PS Socialist

August 28, 2019by Portugal ResidentIn Deficit, Economy
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Deficit improves by €453 million says figures up to May

Despite the flak it has been getting, Portugal’s government has revealed new data to show the budget deficit has improved by €453 million. Figures for May show public accounts were

June 27, 2016by shareitIn Deficit, Portugal News
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