Fernando Medina was optimistic about the spring forecasts of the European Commission. At a press conference, the finance minister said that very strong economic growth is expected in 2023, “more than double what is expected from the eurozone economy.” In the inflation sector, “lower figures are estimated than the government forecasts,” the minister said on Monday.
“We have the opportunity to continue to support and improve the living conditions of the Portuguese,” Medina guarantees, reinforcing the idea that the fact that “we have a stronger economy has allowed us to develop policies to support the most vulnerable.”
The finance minister also reports that Portugal is now looking to stop being the third country with the highest cost of debt.
The minister guarantees that in Portugal “the budget situation is very close to stability, zero deficit. We are going to achieve significant debt reduction”, confirming the view of lower debt than Spain, France and even Belgium this year, even “referring to a larger economy than the Portuguese”.
In this sense, he stressed the reliability and confidence of the Portuguese public accounts to take the steps announced in the Stability and Growth Program.
Medina understands that Portugal has one of the most advanced Recovery and Resilience Plans (PRR) at the European level in terms of cost recovery, and this is “a reason that contributes to good economic performance.”
“We have to take good care of the economy,” he concludes.
Author: morning Post
Source: CM Jornal
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