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