Mário Centeno said in a commentary on the 2.8% increase in Gross Domestic Product (GDP) in the second quarter of 2017, that income taxes would be cut on lower incomes in 2018 as the economic growth allowed for this.
The Portuguese National Statistics Institute (INE) said on Monday that the Portuguese economy had expanded 2.8% in the second quarter of the year compared with the same period in 2016 and 0.2% compared with the first quarter of this year.
Portugal still has a massive debt and this is defintely not the time for increased spending and tax reductions. When will the country learn?
By Thomas Kraemer from Lisbon on 16 Aug 2017, 08:17