Monday, March 16, 2015

Steps. “The IMF does not give me headaches” – Express

“The IMF does not give me any headaches,” said the Prime Minister this afternoon in a ceremony extension of the Sines port terminal. Alluding to the Express headline Saturday regarding the concerns of the International Monetary Fund at the lack of reform momentum of the Portuguese Executive, Passos Coelho stressed that it would be “good that if waiting for a statement” and “the evaluation that will do.” “No comment news stories,” he said, but left already clear that “fear no assessment of the IMF.”

In line with recent statements of Maria Luís Albuquerque that “will not need additional measures” to Portugal meet the target of 3% of GDP registered in the state budget for this year, Steps takes the opportunity to reiterate the conviction. “First, we will achieve our fiscal targets in 2015, that is, we will leave for the excessive deficit procedure, clearly staying with a deficit below 3%. Second, we maintain the expectation of having an external surplus more or less in line with what was scheduled, despite the month of January in exports of goods was not as good as wish, but this situation is being corrected. Third, the most competitive profile, more global, the Portuguese economy continues to show good results, “described.

For the prime minister, this “is the path that will allow us to continue to decrease unemployment, increase sustainable employment opportunities and have a recovery stronger economy, enabling us reducing the deficit, while prudently, also reduce our debt and have more favorable financing costs for the Portuguese economy “.

If the expected growth rate is 1.5%, Steps adds that “the most important is not whether we will grow about a tenth. If we grow more a tenth, so much the better, but the important thing is the long-term trajectory, “with” economic recovery without more debt. ”

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