Marcelo devalues the opinion of the Board of the Public Finances and highlights the data of the INE – Jornal de Negócios – Portugal

The President of the Republic devalued this Tuesday, November 15, the opinion of the Council of Public Finances (CFP) on the proposed budget for 2017, preferring to highlight the data of the National Statistical Institute according to which the country is growing.

“put the emphasis on what, eventually, is more debatable or doubtful, and not on what is most positive is a very Portuguese look at the reality,” said Marcelo Rebelo de Sousa, in Lisbon, when confronted by the press with the analysis of the PSC on the proposed Budget of the State for 2017.

In an analysis of today disclosed, the CFP believes that the proposed budget for 2017 “remains short of what is needed” on the restriction of the resources in the medium term and as to the definition of priorities in public spending, reiterating that “growth may not only result from the stimuli to domestic demand”.

Marcelo Rebelo de Sousa, who spoke to journalists on the sidelines of the ceremony of delivery of Awards Pfizer Research 2016, to which he had chaired, chose to highlight the growth of the Portuguese economy, from 1.6 percent in the third quarter of 2016, compared with the same period of 2015, according to the estimate today released by the National Institute of Statistics, above analysts ‘ forecasts.

“Respecting opinions the most diverse, I would say that the fact that the most important of the day is that we are growing much, much more than previously thought, and that cannot help but have good results in terms of budget execution,” he said.

The head of State reminded that “if you’re discussing with the European Union figures for the recognition of the effort that Portugal is doing to keep the accounts in order.

The Council of Public Finance estimated today that the structural deficit is 1.9 percent of GDP (Gross Domestic Product) by 2017, which “does not allow you to still achieve a margin of safety” to comply with the rules of the european to keep the budget deficit below 3 percent.