State budget for 2019 seeks to trim deficit further

By TPN/Lusa, in News · 31-08-2018 15:26:00 · 0 Comments
State budget for 2019 seeks to trim deficit further

A rise in pensions, tax relief for emigrants returning to the country and boosting funds for culture and science are among measures confirmed for Portugal’s state budget for 2019.

Portugal’s prime minister, Antonio Costa, announced some of the measures included in the state budget for 2019 during the Socialist party’s “summer party” in Coimbra, northern Portugal, on 25 August and said “budgetary rigour” would not be at stake despite the new measures.

Portugal is aiming for 2.3 percent growth next year and a deficit of 0.2 percent of GDP, as well as reducing public debt to 118.4 percent.

Portugal’s Socialist government, which is backed by the Left Bloc and Communist party in parliament, has already reversed many austerity measures imposed by the former centre-right government under an international bailout in 2011-2014.


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