Taxation

PORTUGUESE PUBLIC DEFICIT AT ITS LOWEST IN 45 YEARS

&amp;NewLine;<div class&equals;"wp-block-cover"><span aria-hidden&equals;"true" class&equals;"wp-block-cover&lowbar;&lowbar;background has-background-dim"><&sol;span><img class&equals;"wp-block-cover&lowbar;&lowbar;image-background wp-image-667" src&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;wp-content&sol;uploads&sol;2016&sol;04&sol;investissment-portugal&period;jpg" data-object-fit&equals;"cover"&sol;><div class&equals;"wp-block-cover&lowbar;&lowbar;inner-container is-layout-flow wp-block-cover-is-layout-flow">&amp;NewLine;<p class&equals;"has-text-align-center has-large-font-size"><&sol;p>&amp;NewLine;<&sol;div><&sol;div>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">Portugal's public deficit at its lowest point <&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><em><strong>Government announces historic result seven months ahead of parliamentary elections"&amp;comma;<&sol;strong><&sol;em><strong>&amp;nbsp&amp;semi;stresses the site&amp;nbsp&amp;semi;<&sol;strong><a rel&equals;"noreferrer noopener" href&equals;"https&colon;&sol;&sol;eco&period;sapo&period;pt&sol;2019&sol;03&sol;26&sol;defice-fechou-2018-em-05-do-pib-governo-leva-resultado-historico-para-as-legislativas&sol;" target&equals;"&lowbar;blank"><strong>Eco<&sol;strong><&sol;a><strong>&amp;period;&amp;nbsp&amp;semi;Such a low public deficit&amp;comma; is a&amp;nbsp&amp;semi;first since the &amp;OpenCurlyDoubleQuote;Carnation Revolution"&amp;comma; in&amp;nbsp&amp;semi;1974&amp;period;<&sol;strong><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>According to the National Statistics Institute &amp;lpar;INE&amp;rpar;&amp;comma; in 2018&amp;comma; Portugal's public deficit stood at 0&amp;comma;5&amp;nbsp&amp;semi;&amp;percnt; of gross domestic product&amp;period; While the public accounts imbalance had slipped to 3&amp;nbsp&amp;semi;&amp;percnt; the previous year&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>There are two reasons for this improvement&amp;comma; according to INE&amp;period; &amp;OpenCurlyDoubleQuote;The increase in tax revenues and that in social security contributions&amp;comma; reflecting the trend in economic activity and employment&amp;period;" On the opposition side&amp;comma; reports&amp;nbsp&amp;semi;<em>Eco&amp;comma;&amp;nbsp&amp;semi;<&sol;em>we salute this result&amp;nbsp&amp;semi;<em>&amp;OpenCurlyDoubleQuote;positive"&amp;comma;<&sol;em>&amp;nbsp&amp;semi;but the main right-wing parties &amp;lpar;PSD&amp;nbsp&amp;semi;and&amp;nbsp&amp;semi;CDS-PP&amp;rpar; recall that it was obtained thanks to&amp;nbsp&amp;semi;<em>&amp;OpenCurlyDoubleQuote;maximum taxes and minimum utilities"&amp;period;<&sol;em><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Bludgeoning&amp;nbsp&amp;semi;fiscal<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Criticism backed up by a columnist on the liberal site&amp;nbsp&amp;semi;<strong><a href&equals;"https&colon;&sol;&sol;observador&period;pt&sol;opiniao&sol;o-desrespeito-como-forma-de-governar&sol;" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Observador<&sol;a><&sol;strong>According to him, Socialist Prime Minister António Costa is showing a lack of respect for his voters and political rivals by hiding the fact that the deficit has been reduced thanks to the government;<em>&amp;OpenCurlyDoubleQuote;to a tax bludgeoning that has always existed and to budget cuts in the operation of the state&amp;nbsp&amp;semi;social"&amp;period;<&sol;em><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The &amp;comma; Mário Centeno&amp;comma; also&amp;nbsp&amp;semi;president of the Eurogroup and therefore boss of the eurozone&amp;comma; has already set the course for 2019&amp;nbsp&amp;semi;&amp;colon; the executive is counting on a deficit of 0&amp;comma;2&amp;nbsp&amp;semi;&amp;percnt; of&amp;nbsp&amp;semi;GDP&amp;period;&amp;nbsp&amp;semi;<em>&amp;OpenCurlyDoubleQuote;On the road to zero deficit&amp;comma; taxes and investment will be back on the agenda"&amp;comma;<&sol;em>&amp;nbsp&amp;semi;announced today&amp;nbsp&amp;semi;<strong><a rel&equals;"noreferrer noopener" href&equals;"https&colon;&sol;&sol;www&period;publico&period;pt&sol;2019&sol;03&sol;27&sol;economia&sol;noticia&sol;caminho-defice-zero-carga-fiscal-investimento-voltam-ajudar-1866919" target&equals;"&lowbar;blank">Público<&sol;a><&sol;strong><a href&equals;"https&colon;&sol;&sol;www&period;publico&period;pt" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener" aria-label&equals;" &lpar;opens in a new tab&rpar;"><&sol;a><&sol;p>&amp;NewLine;

Share

Recent articles

2025: Price rises in Portugal

The year 2025 begins with increases in several key sectors in Portugal, marking... Read more

since 7 months

Raising Portugal's minimum wage

The Portuguese government recently announced an increase in the national minimum wage (SMN) to 870... Read more

since 8 months

IRC reduction in Portugal's 2025 state budget

Find out how the Portuguese tax system affects companies, with details on taxation,... Read more

for 10 months

The advantages of setting up a business in the UK

The United Kingdom has long been recognized for its economic dynamism, political stability and... Read more

for 10 months

UK e-commerce tax rules

If you want to run an e-commerce business in the UK, it's crucial to know how to... Read more

for 10 months

Automatic tax benefits

On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for... Read more

since 11 months

Our site uses cookies.

Read more