Sunday, May 24, 2015

Finance Minister admits cuts in pensions – publico

                 


                         
                     

                 

 
                         

The Finance Minister Maria Luís Albuquerque, said Saturday night that “it is fair to say that the Portuguese will be to do something about the pension system to ensure the sustainability of social security.” Speaking in Ovar, an organized event the local JSD, Maria Luís Albuquerque admitted the possibility of reducing the current pension if it means a better social redistribution of contributory effort.

                     


                         “If this is a more balanced and reasonable distribution of the effort that has to be distributed among all – current pensioners, future pensioners, young people coming to the labor market – if that is the solution that ensures a better balance, that’s where the we should focus on, “he said.

” The sustainability of social security is something that has to be resolved with time, “he said, so that” the solutions are not too aggressive “and” do not have to ask contributions to those who have less “

This week, Finance Minister referred to after the design of the pension reform elections -.” preferably in a dialogue with the PS, “said the parliamentary committee Budget , Finance and Public Administration – that the Government intends to bring savings of 600 million euros

In the Stability Programme 2015-2019, the government expects to save EUR 600 million in 2016 with a system reform. pensions, but to no avail as want to do it. As “purely technical hypothesis,” he maintained the proposal that was last year Document Fiscal Strategy on the reform of pensions, despite it being sinker by the Constitutional Court in August last year.

Also in Ovar, the minister criticized the promises of economic growth by the opposition. “When someone says they’ll have so many more expenses and that will achieve an economic growth that will allow there is no more taxes or until they bring not believe it because it is simply not true.”

Mary Louis Albuquerque said that “the next four years determine the future of a generation” and that “perhaps more decisive than any other four years in democratic history” of Portugal.

“Can not say that in the next four years will be all wonderful, we will recover everything and that will show a growth that solves the problem, “he said, adding that he hoped” the Portuguese have realized that taxes are not a choice, “but what is a” choice is public spending. “

Maria Luís Albuquerque said he can look at the next four years” with confidence “for the country is better than four years ago and stressed that” the sacrifices will be smoothed “and” things will be progressively easier. “

” All that has been achieved still has weaknesses. Making mistakes when recovery is fatal, “he said.

Speaking about Greece, the minister admitted that his exit from the euro zone is a possibility” that depends on the Greeks “, showing concern over this scenario: “Truly, one can never say that you are prepared for something that has never been tested”

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