The President of the Council of Public Finance, Nazaré da Costa Cabral, said this Thursday in Parliament that it is necessary to calmly follow the current political crisis and advised caution.
Nazaré da Costa Cabral spoke this Thursday at the hearing of the Committee on Budget and Finance (COF) in the framework of the specialized evaluation of the state budget for 2024 (OE2024), when the PSD deputy Rosina Ribeiro Pereira questioned her about the impact of the current political crisis on the proposal.
“We must be attentive, we must follow, but with all calm and with all caution,” he said.
Prime Minister António Costa asked the President of the Republic to resign on Tuesday, and he accepted the offer.
Antonio Costa became the target of a Justice Department investigation in the Supreme Court after suspects in a lithium and hydrogen business case named him because he intervened to unblock procedures in the projects under investigation.
The President will meet with the Council of State this Thursday and is expected to speak to the country after its conclusion.
Nazaré da Costa Cabral stressed that there are no signs of concern for Portuguese government debt securities in the long term yet, given that it seems prudent to “over-emphasize this risk.”
“These moments of political unrest are part of the life of the country for some reason, but the country continues to mind its own business. Businessmen continue to work, workers continue to work, and therefore it is necessary to calm down a little. , you’ll have to wait,” he said.
However, he stressed that it is necessary for “everyone to perform their duties well at this time.”
The President of the Council of Public Finance (CFP) believes that financial rating agencies’ assessment of Portugal’s sovereign debt is systematically improving.
“The premiums on Portugal’s government debt, namely the 10-year bond, are in line with countries that we are accustomed to consider developed countries and even the ‘core’ countries of the Economic and Monetary Union, such as Belgium,” he said. adding that they are “significantly lower” than other peripheral countries such as Italy or Spain.
Author: Lusa
Source: CM Jornal
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