The International Monetary Fund (IMF) maintained the 2.9% deficit of GDP projections for 2016 and 2017 that had advanced in early April in the report of the third review of the troika post-program. This value is higher than the 2.2% the government and is expected to remain virtually unchanged until 2021. This year, the últimodas IMF projections, the deficit should be 2.8% of GDP.
case of debt, the institution estimates a value of 127.9% of GDP this year and is expected to remain above 120% by 2021. These data were taken from the database of the “World Economic Outlook”, available on Tuesday . on the website of the institution on the internet, where they have their economic and budgetary forecasts for the various countries by 2021
the IMF had improved deficit estimated between February -when his mission was in Lisbon – and report published this month because, however, there was a state budget and new measures have been added to the original version. At that time, the calculated deficit for 2016 was 3.2% of GDP, a figure that was not only superior to the government and exceeded the threshold of Maastricht 3%.
As for public debt, institution led by Christine Lagarde also now presented more pessimistic estimates that advanced in October, predicting that the Portuguese debt is 127.9% of gross domestic product (GDP) this year, with six months ago predicted that the debt closed the 2016 in 125%. Now, the deficit remains always below, but close to, this bar over the next five years.
For 2021, the Fund expects the Portuguese public debt to fall to 123.8%, remaining above 120% of GDP across the horizon of projections.
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