The Prime Minister, António Costa, said he was confident that the budget deficit this year will be “below 2.5%”, based on the “huge improvement” recorded in the first half and “several months” yet ahead.
“we have permanent data of budget execution and demonstrating is that they are in line with what we had projected. So we are confident that [the deficit] will not only clearly below 3%, as we would be below 2.5% which set in the European Union “, Costa said on the sidelines of a visit to retinue of Portuguese companies, from Saturday to Tuesday, participate in the fair of footwear Micam in Milan, Italy.
in the statement of budget execution until July, the Lusa agency had access on Friday, the Technical Unit of budget Support (UTAO) estimates that in the first half of this year, the budget deficit has been set at 2.7% of GDP [gross domestic product], in national accounts, an “improvement face the same period, “but warns” budgetary pressures “in the second quarter.
UTAO estimates that the general government deficit in national accounts (which account for Brussels)” was between 2.2 % and 3.2% “of GDP by June.
confirming to now advanced projection by independent technicians who support the parliament, between January and June this year,” the deficit is expected to record a reduction of 1 , 9 percentage points of GDP over the same period last year “, after having decreased by 2.3 percentage points year on year in the first three months of the year.
According to Antonio Costa, the note acknowledges UTAO “there was a huge improvement” between the first half of 2015 and the first six months of this year, pointing out “what is obvious”: “that there is a second half still to go and we have several months ahead”
.
“the recommendation of UTAO is that any doctor will give all of us: ‘do not abuse the sweets, but this will harm your health.’ The UTAO says and ran the first half and that it needs to run well the second half to reach the end of the year at the point you want. And we get, “ maintained, basing this belief in a” matter of trust and comfort. “
The prime minister and would like to grow the economy was as easy as it is already today to increase the height of men with compensated shoes, but instead points to focus on innovation that the Portuguese footwear is an example.
“If economic growth were possible to improve the insole of the shoe, as we all can grow four centimeters buying shoes with appropriate insoles, it would be fantastic. Unfortunately it is not so. For economic growth there is need to have a vision not short, but long-term, and do the work that these industrial footwear did, “ said Antonio Costa.
just before the Prime Minister had gotten to know in exhibitor Luis Onofre, the first line of male entrepreneur footwear and creator of São João da Madeira shoes allow men “become almost four centimeters more high “, using a subtle compensation sole, unnoticeable out.
” This is a dream, “admitted Antonio Costa in reference to shoes, then, speaking to reporters, finally admitted that want it extended to economic policy.
Pointing Portuguese footwear industry as “an exemplary industry effort that Portuguese industry made the transformation, modernization and innovation,” Costa justified what was the first visit of a Portuguese prime minister to the world of footwear largest fair with “pride” that the current importance of the national footwear is “for all Portuguese.”
“the work that was done over the years by APICCAPS [Portuguese Association of industrial Footwear, Components, Leather Goods and Their substitutes] is the work that has to be done in each of the industrial sectors, so that we modernizemos based on innovation, quality, increase value-added product and can be competitive while creating shared prosperity for everyone in Portugal “, he said.
to this end, he stressed, it must be” an integrated strategy that begins in preschool and ends in university education , the transfer of this knowledge to the economy and the incorporation of this knowledge into each product. “
Some exhibitors ahead during the visit that, necessarily apace, made the largest Portuguese delegation ever in MICAM, the prime minister was surprised by another example of innovation in the domestic footwear, while enjoying a shoe brand Tony Miranda made with sea bass skin.
“I did not know that the fish skin also gave [to make shoes], “he said António Costa, soon after being informed that another Portuguese producer of shoes already did, but with cod skin, which led him to consider being concerned all” a new dimension of economy the sea “.
in addition, quipped,” after all there is no longer only in 1001 ways to cook cod “.
at a time when the country” needs to export “, António Costa reiterated want to be “next to” in the shoe industry, which sells more than 95% abroad, but stressed that “to export more do not have to suffocate the income of Portuguese and domestic demand.”
“This pilgrim idea that episodically again that we could go back to being competitive on the basis of collective impoverishment is an absolutely doomed strategy. We can not bet on the impoverishment, we have to invest in qualifying, just so we can go progressively improving our income, “he said, reaffirming the replacement strategy of the Portuguese purchasing power.
Prior to joining the entourage national footwear business for a lunch organized by APICCAPS, Costa also responded to the recommendation made on Friday by the President, Marcelo Rebelo de Sousa, during the Book Fair in Porto, so either the Prime Minister or the opposition leader Pedro Passos Coelho, read tetralogy of Elena Ferrante “the Genial Amiga.”
“my wife had given me same advice. You’re finished reading the first volume, and then I will try to get, because you always like the advice of President of the Republic, “ said.
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