&NewLine;<div class="wp-block-cover has-background-dim-30 has-cyan-bluish-gray-background-color has-background-dim is-layout-flow wp-block-cover-is-layout-flow" style="background-image:url(https://vivreauportugalconsulting.com/wp-content/uploads/2018/11/le-portugal-paiera-sa-dette-au-fmi.jpg)"><p class="wp-block-cover-text">PORTUGAL WILL PAY ITS DEBT TO THE IMF BY THE END OF THE YEAR</p></div>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>MAJ of 11&sol;12&sol;2018&colon;</strong> Portugal has just settled all its debt with the IMF&period; This will save Portugal a thousand million over two years&period; </p>&NewLine;&NewLine;&NewLine;&NewLine;<hr class="wp-block-separator"/>&NewLine;&NewLine;&NewLine;&NewLine;<h4 class="wp-block-heading">The Prime Minister announced yesterday that Portugal will pay its entire debt to the International Monetary Fund &lpar;IMF&rpar;&period; until the end of the year. In a speech he stressed the importance of reducing costs for the future&period;</h4>&NewLine;&NewLine;&NewLine;<blockquote class="wp-block-quote">&NewLine;<p>With the same determination with which we have governed and which allows me to announce today that by the end of this year&period; We will pay the totality of the&nbsp&semi;debt to the IMF&comma; 4&comma;6 million&rsquo&semi;&nbsp&semi;euros&period;</p>&NewLine;<p><cite>&nbsp&semi;Antonio Costa&comma; in Parliament</cite></p></blockquote>&NewLine;&NewLine;&NewLine;<p>Declared Antonio Costa&comma; to Parliament&comma; yesterday before moving on to the final overall vote on the state budget for&rsquo&semi;year 2019&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The head of the executive argued that this step towards early repayment of IMF debt would "strengthen Portugal's international credibility" in the future;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>António Costa was keen to point out that the government's budget proposal&period; Has the aim of building a future&comma; "in the first place&comma; the&rsquo&semi;improvement of sustainability&comma; the continuation of the trend towards the reduction of public debt&period; By reducing costs and the&rsquo&semi;improvement of the financial stability of social security&period;"</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>With regard to the budget proposal&period; The Prime Minister has expressed his belief that&&semi;by promoting&&num;8217&semi;employment and&rsquo&semi;wage increases&period; The&rsquo&semi;improvement in contribution revenues&comma; se which also diversifies sources of funding"&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">Tax relief&nbsp&semi;</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>António Costa also indicates that Portuguese families will feel an increase in purchasing power per capita from next year onwards. <strong>IRS&rsquo&semi;relief</strong>But household incomes will also benefit from a reduction in transport and energy costs&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<p>"The Portuguese people's wallets will be further eased when it comes to the cost of public transport&period; Covering the entire national territory&period; The program to support the reduction of public transport fares will incorporate measures&comma; including lowering the price of social passes&period; This budget that improves the lives of all the Portuguese&comma; whether they are more or less&comma;" he advocated&period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">Education</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>António Costa made particular reference to education, pointing out that families "are not always able to keep up with the pace of change.<strong> will benefit from the&rsquo&semi;extension of free textbooks to all pupils attending compulsory education in public schools&period;</strong>This represents 1&comma;2 million students&period; But also by reducing the maximum tuition fees charged by universities and polytechnics &period;</p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class="wp-block-heading">Health</h2>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to the Prime Minister, next year the national health service will benefit from a budget increase of around 500 million euros, which will allow the creation of around 113 health centers and the construction of five new hospitals;</p>&NewLine;&NewLine;&NewLine;&NewLine;<hr class="wp-block-separator"/>&NewLine;&NewLine;&NewLine;&NewLine;<p>For António Costa&comma; the government's budget proposal "clearly expresses the change in policy that began three years ago&period;"</p>&NewLine;
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