CDS wants to know if 3% without Banif deficit has effects on the output of the excessive deficit – Official Business – Portugal

The CDS was the first party to respond to the provisional estimate released this Thursday, March 24, the National Statistics Institute (INE) that puts the budget deficit in 2015 4.4% of GDP and 3, 03% discounting the effects of process related to the resolution of Banif.

congresswoman Cecilia Meireles (pictured) notes that for CDS “what is essential is to understand whether the deficit, which apparently was at 3%, has effects to the output level of the excessive deficit procedure”.

“The Government, at the beginning of Banif process, said he could not take into account this process for the procedure excessive deficit. It is important to realize that, “he pointed out the centrist deputy. But the figures from INE put the deficit, even excluding the operations of Banif, slightly above 3%, which would mean that even if avenge the government’s intention of António Costa recorded as extraordinary expenses resolution of the Madeiran bank, Portugal can not get out of the excessive deficit procedure, this because Brussels requires a balance below this target.

You asked about Banif, whose resolution has cost more than originally planned, consolidating a financial impact in 2015 2.4632 billion euros, equivalent to 1.4% of GDP Cecilia Meireles prefers to leave this issue to the Parliamentary Commission of inquiry (CPI).

“the issue of Banif and the way it was inherited, or provoked, will be the subject of a parliamentary commission of inquiry that will begin next week, “he said.

Remember that information today advanced by the INE is still partial, Cecilia Meireles did not fail to remember that it is clear a fiscal consolidation path that followed the “peak deficit in 2011 of 10.2%”, stressing it is-a “much adjustment great. “

There is here, however, a slight” nuance “in centrist speech, not focused this reaction to data released by the INE in appreciation of the work done by the previous coalition government PSD-CDS, but the “great effort of the Portuguese people to have healthier public finances.” It is an adjustment “is merit of the Portuguese.”