The Prime Minister, Pedro Passos Coelho, reiterated on Saturday that Portugal will fulfill the goal of deficit for 2015 and that the Government has been ‘cautious in forecasts’, despite the IMF doubts known on Friday.
Recalling that the general government deficit in 2014 fell more than expected by the Government in some EUR 650 million, Pedro Passos Coelho said that the country already part “with some advance ‘to meet the deficit target this year.
“For those who had any doubts about our ability to stay in 2015, within the goal was announced, that is, below 3%, it becomes easier this time believe that this will be possible ‘ said the head of Government at the occasion of a visit to the Business Association of the Lower Ave (AEBA) in Trofa, Porto district municipality.
On Friday, the International Monetary Fund (IMF) released a report on the first evaluation Portuguese assistance after the program, saying that Portugal has “little room” in budgetary terms and without further action consolidation both in 2015 and in the coming years, “it is expected that the projected deficit differs from the commitments’ by the Government.
In the State Budget for 2015, the Government anticipates a deficit of 2.7% of Gross Domestic Product (GDP), estimated that is considered too optimistic by the IMF, which provides, since November, the deficit budget is 3.4% of GDP at the end of this year.
On Friday report, the IMF report estimates for the next four years, anticipating that the budget deficit is gone reducing progressively, reaching only 3% in 2017 and falling to 2.8% in following and to 2.6% in 2019.
Hours of the document has been released year, the prime minister said in parliament that the IMF points to “a reality that does not exist ‘in doubt achievement of objectives by the executive that are already being achieved, which led the former head of the IMF mission in Portugal, Up Lall, claiming that the team “still very comfortable with the view put in the report.”
Asked Saturday about the report, Passos Coelho said he wanted to show “even to those who are more skeptical” that the government “has been prudent in the forecasts ‘and that’ is able to meet the goals and objectives ‘.
The leader of the executive also described the ‘transformation of the structural profile of the Portuguese economy “, listing the’ good results’, both in terms of exports of goods,” despite the embarrassment “of the oil price fall that considered, “was responsible for a performance not as good as him who was originally scheduled”, whether this balance to the outside that said, “has been showing up solidly comfortable”.
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