40019
Portugal to Reduce Budget Deficit
World Economy

Portugal to Reduce Budget Deficit

Portugal’s Socialist government aims to sharply reduce the country’s budget deficit in the coming years in a bid to comply with European Union rules and convince markets it remains committed to fiscal discipline, Bloomberg reported. The government forecasts the budget deficit will fall from 4.4% of gross domestic product last year to 2.2% this year and 1.4% in 2017, according to the country’s stability program, which was approved at a cabinet meeting on Thursday. In the report, Portugal is targeting economic growth of 1.8% this year and the next, and as much as 2.1% in 2020.

 

Short URL : http://goo.gl/f2SqSH
  1. http://goo.gl/y5eP2f
  • http://goo.gl/sa24Iy
  • http://goo.gl/rCgo69
  • http://goo.gl/Zk7QWj
  • http://goo.gl/jSoKwd

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
South Africa Says Will Swim Out of Recession
South African President Cyril Ramaphosa has ambitious plans to...

Trending

Googleplus