{"id":4448,"date":"2019-03-29T10:54:28","date_gmt":"2019-03-29T10:54:28","guid":{"rendered":"https:\/\/vivreauportugalconsulting.com\/?p=4448"},"modified":"2023-04-03T20:41:06","modified_gmt":"2023-04-03T19:41:06","slug":"the-public-deficit-of-portugal","status":"publish","type":"post","link":"https:\/\/vivreauportugalconsulting.com\/en\/le-deficit-public-du-portugal\/","title":{"rendered":"PORTUGUESE PUBLIC DEFICIT AT ITS LOWEST IN 45 YEARS"},"content":{"rendered":"
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<\/p>\n<\/div><\/div>\n\n\n\n

Portugal's public deficit at its lowest point <\/h2>\n\n\n\n

The government announces a historic result seven months before the legislative elections\",<\/strong><\/em> underlines the site <\/strong>Eco<\/strong><\/a>. Such a low public deficit is a first since the \"Carnation Revolution\" in 1974.<\/strong><\/p>\n\n\n\n

According to the National Statistics Institute (INE), in 2018, Portugal's public deficit was 0.5 % of gross domestic product. While the public accounts imbalance had slipped to 3 % the previous year.<\/p>\n\n\n\n

There are two reasons for this improvement, according to the INE. \"The increase in tax revenues and the increase in social security contributions, reflecting the evolution of economic activity and employment.\" On the opposition side, reports Eco, <\/em>we welcome this result \"positive\",<\/em> but the main right-wing parties (PSD and CDS-PP) recall that it was obtained thanks to \"maximum taxes and minimum public services\".<\/em><\/p>\n\n\n\n

Tax bludgeoning<\/h3>\n\n\n\n

Criticism supported by a columnist on the liberal site Observador<\/a><\/strong>. According to him, the socialist Prime Minister, Ant\u00f3nio Costa, is disrespecting his voters and political rivals by hiding the fact that the deficit has been reduced thanks to \"to a tax bludgeoning that has always existed and to budget cuts in the functioning of the social state\".<\/em><\/p>\n\n\n\n

M\u00e1rio Centeno, president of the Eurogroup and therefore boss of the eurozone, has already set the course for 2019: the executive expects a deficit of 0.2 % of GDP. \"On the way to zero deficit, taxes and investment will be back on the agenda\",<\/em> announced today P\u00fablico<\/a><\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"

The government announces a historic result with seven months to go before the legislative elections, a public deficit at its lowest level since 1974.<\/p>","protected":false},"author":1,"featured_media":667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"LE D\u00c9FICIT PUBLIC #PORTUGAIS AU PLUS BAS DEPUIS 45 ANS ","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3308],"tags":[3303,3300],"class_list":["post-4448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie-du-portugal","tag-deficit","tag-portugal"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/vivreauportugalconsulting.com\/wp-content\/uploads\/2016\/04\/investissment-portugal.jpg?fit=1000%2C600&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/posts\/4448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=4448"}],"version-history":[{"count":0,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/posts\/4448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/media\/667"}],"wp:attachment":[{"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=4448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=4448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vivreauportugalconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=4448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}