Álvaro Santos Pereira Believes There May Be a Surplus, but Asks for Budgetary Prudence.
4 Articles
4 Articles
Governor of Banco de Portugal concerned with increasing public expenditure, as is obvious but believes that Portugal will have no problems with compliance with European rules, at least until 2028.
"We wouldn't be surprised if there was a budget surplus this year or next," said Álvaro Santos Pereira this Wednesday at the October Economic Bulletin press conference of the Banco de Portugal. "The governor, however, calls for the government to maintain fiscal prudence so that it can continue to reduce public debt." "It is that, although it has fallen in recent years, debt continues to be high." "We need to control the level of expenditure, in …
Santos Pereira assumed that public expenditure is growing, but stressed that as long as Portugal continues to maintain a budgetary surplus or close to it by 2028, "there will be no need to make adjustments"
The Governor of Banco de Portugal (BdP) admitted today that he would not be surprised if there was a budgetary surplus this year and also next.
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