The figures on Thursday by UTAO (Technical Unit of Budget Support) with respect to the deficit first half enlivened socialist hosts on the first day of the 21 National Congress PS, which runs until Sunday in Lisbon. Congressman John Galamba tried to ride in a statement to journalists, the “good” performance of the government, stressing that the “first quarter is always the prior year.”
Before the start of five scheduled thematic debates (four of them at the same time) within the major meeting, the PS spokesman considered the data UTAO “very positive” with regard to the deficit. Safeguarding, though, that this is an estimate, Galamba stressed that “at worst, there is an improvement of 1.5% of GDP [gross domestic product] over the same deficit last year.” “As the annual target is to reduce the deficit to just one point, I would say that these figures are very positive,” he reiterated, stressing that “what Uato tells us is that the deficit and the national accounts must have been between 2.6 % of GDP and 4% “.
UTAO numbers were out of the debate that the party organized in an area close to the International Fair of Lisbon, the venue of the congress. Then the discussion was made under the slogan “A growth model that enhances the competitiveness of the economy and decline the low-wage model.” Andreia Teixeira a specialist who works in the restructuring and recovery companies, spoke of the bitter numbers that the country recorded between 2010 and 2014. “During this period there was always a decline in the investment rate,” leaving a warning: “The results of breaks in the investment rate does not feel a year later and feel, so it is a bill that we should we pay for these years. “
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