On Tuesday, Finance Minister Fernando Medina presented to parliament the draft state budget for 2024.
Medina will present the document’s proposals Tuesday afternoon, starting at 3 p.m.
Speaking to reporters, Fernando Medina said the draft government budget for 2024 aims to “respond to the needs of Portuguese families”, adding that it is divided into three fundamental areas: increasing revenues, increasing public and private investment and protecting the future.
Regarding increasing incomes, Fernando Medina said that the current inflation situation and the needs of families “demand” policies in this sense, “whether through raising wages, or through significant cuts to the IRS, or increasing majority support for important social issues.”
The government will also “strengthen investment because investment is the basis for building our future and responding to the important needs of families and the country,” namely “in health, railways, housing and in many important areas of responding to the needs” of the Portuguese, he argued.
Fernando Medina then referred to the budget consolidation process, saying his leader intends in next year’s budget to “keep an eye on the future, recognizing that this generation is responsible for better protecting the generations that will follow.”
“The current generation has the responsibility, since they have the opportunity, to continue to create instruments to strengthen the Social Security Stabilization Fund and other instruments that will allow the country in the long term to have important investment potential,” he stated – – here, indirectly referring to the goal of debt reduction next year.
According to the Finance Minister, the government’s budgetary policy for next year “has the main goal of meeting the needs of the Portuguese people, the future of the country and those who are suffering in the present and need support” through the budget.
“It aims to respond to those who, frankly, have a right to have their incomes improved. All those who need it will be strengthened and supported to overcome this stage, which has certain economic subtleties,” he emphasized, a reference to the current situation with inflation.
In this context, the financial portfolio holder was confident that “with good policies, the country will continue to perform well on the growth front, on the fiscal and financial front.”
The proposal for the state budget for 2024, approved last Sunday at an extraordinary meeting of the Council of Ministers, will be discussed as a whole on the 30th and 31st in the Assembly of the Republic, with a final global vote scheduled for November 29th.
The 2024 state budget proposal is usually discussed on the 30th and 31st in the Assembly of the Republic, with a final global vote scheduled for November 29th.
Finance Minister Fernando Medina entered parliament at 1:07 p.m., accompanied by his team of secretaries of state, Undersecretary for Parliamentary Affairs Ana Catarina Mendes and Secretary of State for Presidential Affairs André Moz Caldas. A few minutes later he received the President of the Assembly of the Republic, Augusto Santos Silva.
In the afternoon, Fernando Medina presents at a press conference the draft state budget for 2023, the diploma of which was approved at an extraordinary meeting of the Council of Ministers on Sunday and the macroeconomic scenario of which was presented on Friday to the parties with parliamentary representation.
Author: morning Post This Lusa
Source: CM Jornal
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