Edition 1475
19 May 2018
Edition: 1475

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Experts put deficit at 2.5 percent

by TPN/Lusa, in Business · 07-09-2017 12:45:00 · 0 Comments

The Portuguese budget support technical unit (UTAO) estimates that the deficit was 2.5 percent of GDP in the first half of the year, better than in the same period last year but higher than the
government target of 1.5 percent for the year as a whole.

The experts who give support to MPs on the Budget, Finance and Administrative Modernisation Commission also said that this figure does not include any fallout from the recapitalisation of state-owned Caixa Geral de Depósitos (CGD) bank in the first quarter that may affect the national accounts. 

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Edition 1475
19 May 2018
Edition: 1475

Read this week's issue online exactly as it appears in print.

Twitter

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