Deficit figures show 4.4% for 2015, with Banif responsible for 1.4%
The damage to Portugalâs âexcessive deficitâ caused by the Banif Bank debacle has been estimated as 1.4% – taking last yearâs total well over the 3% forecast, to a damning
Excessive deficit: Portugal stuck for another year at least
Secretary of State for Portugalâs budget JoĂŁo LeĂŁo has said it is still ânot clearâ whether Portugal will emerge this year from its classification as a country running with an
Portugalâs deficit increasing by âŹ1 million per hour
With electioneering now in full swing, Prime Minister Pedro Passos Coelhoâs ruling coalition suffered a major blow yesterday with the irrefutable proof that the governmentâs financial forecasts are way off
Portugal lapses back to external deficit
External debt – eradication of which has been touted as one of the coalition governmentâs major success stories – has once again reared its ugly head. Expressoâs online news feed
Deficit || End-of-year deficit concerns
As the Eurogroup puts Portugal on probation â doubting the governmentâs 2015 budget will stack up â and German chancellor Angela Merkel has stressed that Europe needs even more austerity,
Portugalâs deficit back in the spotlight
Despite the 4% ceiling set by Brussels for this year, Portugalâs 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 Portugalâs deficit increases by 7 billion
As Eurostat reports that Portugalâs deficit has increased by 7 billion – tipping it six full percentage points over the governmentâs 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 Portugalâs success in meeting last yearâs budget deficit goal – and actually superseding expectations by an impressive âŹ1.75 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