The government approved on Tuesday in the Council of Ministers a bill approving the “Big Options” for 2024-2028, a document that will be sent to the Economic and Social Council and the Assembly of the Republic, the executive director said this Wednesday.
The PSD/CDS-PP government statement noted that this approval corresponds to a delivery time of 90 days after the XXIV government takes office.
In addition to identifying and planning economic policy options, Grand Options includes multi-year budget programs for the central government and social welfare subsectors.
The government forecasts a budget surplus of 0.2-0.3% this year and next, and economic growth of 1.5% in 2024 and 1.9% in 2025.
Portugal moved from a deficit of 0.3% of gross domestic product (GDP) in 2022 to a budget surplus of 1.2% in 2023, and public debt fell from 112.4% of GDP at the end of 2022 to 99.1% in end of 2023. .
The European Commission’s forecasts for Portugal for spring 2024 predict that Portugal’s GDP will grow by 1.7% this year and 1.9% in 2025.
On Friday, the finance minister guaranteed Portugal would have a small budget surplus this year and in 2025 based on measures approved by the government, but acknowledged it was necessary to assess “what margin there is” to meet other parliamentary initiatives. .
The stance comes after the Bank of Portugal warned of a possible return to deficits due to measures with fiscal implications such as tax cuts and public administration salary negotiations, which Joaquim Miranda Sarmento has already admitted weigh in the hundreds of millions of euros.
Author: Lusa
Source: CM Jornal

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