Finance Minister Fernando Medina said this Monday that the historic budget surplus of 1.2% in 2023 is the result of “good public policies” that contributed to economic growth, employment and increased income.
In a statement sent by the Ministry of Finance after the release of the National Statistics Institute (INE) data, Fernando Medina said it was “great news for the country” and that the positive balance increases protection in the face of international instability. and uncertainty, expanding the public policy options available to the Portuguese.
“These figures are the result of higher economic growth, increased employment and higher wage growth than expected,” the Ministry of Finance emphasized, noting that the surplus “strengthened the sustainability of the social security system and reduced public debt to 99.1%.” below the threshold of 100% of GDP.”
Author: Lusa
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.