Bank of Portugal Governor Mario Centeno called this Friday for predictability in the management of public finances, defending prudence in taking on responsibilities that have a permanent impact on spending.
“Let’s maintain some respect in the face of revenue increases that may not be of a very strong permanent nature. In this context, we should not take on responsibilities that, although permanent, may cause deviations in subsequent moments,” he said at the presentation conference of the Economic Bulletin, December, at the Money Museum in Lisbon.
Mario Centeno once again advocated prudence in budget decisions to ensure a path to reducing public debt.
“Debt reduction is a priority and we fortunately believe we can continue to do so in the coming years,” he said.
In a report presented this Friday, the Bank of Portugal (BdP) forecasts a budget surplus of 1.1% this year and 0.1% in 2024, and a ratio of public debt to gross domestic product (GDP) of 101.4% this year and 96.8. % in 2024.
Author: Lusa
Source: CM Jornal
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