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Portugal on the “right path” despite political crisis says S&P
The US ratings agency Standard & Poor’s (S&P) said this week that early elections will have no impact on the rest of Portugal’s macroeconomic situation, stressing that its [...]
Budget surplus up 4.3% to September – expenditure up 11.1%
Portugal’s budget surplus was up €5,705,2 million to September according to data from the Directorate-General for the Budget (DGO). The surplus to August had been 11 times less – €475.4 [...]
Budget surplus at €6.4Bn
Portugal made a budget surplus of €6.4Bn by the end of 2023 largely thanks to higher IRS tax revenues and employment. The treasury’s budget balance increased by €172 million in November 2023 [...]
Moody’s to put stay on rate rise?
The US ratings agency Moody’s is unlikely to raise Portugal’s rating because of its current political crisis according to analysts. It was expected to up Portugal’s rating today from ‘Baa2’ to [...]
Surplus fund legality called into question
Some legal beagles in Portugal are calling into question the legality of the Finance minister, Fernando Medina’s plan to set up a fund for development projects using budget surpluses as a ball to [...]
