Deficit figures show 4.4% for 2015, with Banif responsible for 1.4%
The damage to Portugal’s ‘excessive deficit’ caused by the Banif Bank debacle has been estimated as 1.4% – taking last year’s total well over the 3% forecast, to a damning
Excessive deficit: Portugal stuck for another year at least
Secretary of State for Portugal’s budget João Leão has said it is still “not clear” whether Portugal will emerge this year from its classification as a country running with an
Portugal’s deficit increasing by €1 million per hour
With electioneering now in full swing, Prime Minister Pedro Passos Coelho’s ruling coalition suffered a major blow yesterday with the irrefutable proof that the government’s financial forecasts are way off
Portugal lapses back to external deficit
External debt – eradication of which has been touted as one of the coalition government’s major success stories – has once again reared its ugly head. Expresso’s online news feed
Deficit || End-of-year deficit concerns
As the Eurogroup puts Portugal on probation – doubting the government’s 2015 budget will stack up – and German chancellor Angela Merkel has stressed that Europe needs even more austerity,
Portugal’s deficit back in the spotlight
Despite the 4% ceiling set by Brussels for this year, Portugal’s deficit is continuing to grow and is now unlikely to finish the year at less than 4.8% of GDP.
Damning IMF report comes as Portugal’s deficit increases by 7 billion
As Eurostat reports that Portugal’s deficit has increased by 7 billion – tipping it six full percentage points over the government’s expectations – a damning new report commissioned by the
Higher tax revenue the key to deficit success
Higher tax revenue than planned seems to be the key behind Portugal’s success in meeting last year’s budget deficit goal – and actually superseding expectations by an impressive €1.75 billion.
Public hospitals must reduce deficit by half in 2014
Concerns that public hospitals will struggle to reduce their deficit by half in 2014, a target set by the Ministry of Health, have been expressed by the president of the