Fernando Medina spoke this Thursday on NOW about the budget deficit and said that at the end of the month the Portuguese now have more money. He explains that in the first quarter of 2024, family income grew by 4.4% after discounting inflation values.
The politician argues that inflationary cycles and wage updates contributed to the increase in incomes, but another factor was “the good policies of the previous government, such as the public sector wage agreements.”
When asked whether inflation will decrease, Fernando Medina responds that “inflation is expected to remain at a low and manageable level between 2 and 3%.”
It also said that a gradual reduction in interest rates could lead to higher earnings.
When it comes to savings, he says families prefer to save more than spend, which is reflected in changes in family savings levels over the years.
As for private investment, Fernando Medina explains that from a real point of view it is stagnant.
Author: morning Post
Source: CM Jornal
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