Edition 1451
25 November 2017
Edition: 1451

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Portugal’s 2016 budget deficit no more than 2.1 percent - Finance minister

by TPN/ Lusa, in Business · 16-02-2017 12:49:00 · 0 Comments

Portugal’s finance minister said on Wednesday that the final 2016 budget deficit will not be more than 2.1 percent of Gross Domestic Product (GDP), considering that the most recent economic indicators are “more solid bases” which help “the health of the public accounts”.

Portugal’s 2016 budget deficit no more than 2.1 percent - Finance minister

“The 2016 deficit will be the lowest in the history of our democracy and will not be more than 2.1 percent”, Mário Centeno told
the parliamentary budget commission on Wednesday.
After quoting the Portuguese economy numbers disclosed by the Portuguese National Statistics Institute (INE) on Tuesday, which show GDP grew an average of 1.4 percent in 2016, the minister said that “Portugal has the basis to ensure sustained, fair economic growth and healthy public accounts”. 

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Edition 1451
25 November 2017
Edition: 1451

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

Twitter

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