May 30, 2013

Budget: EC recomments an extra year to cut deficit

The new targets proposed by the European Union executive for Portugal are 5.5% for this year, 4% for next year and 2.5% for 2015.

The European Commission on Wednesday formally recommended that Portugal be given an extra year to bring its public sector budget deficit below the limit for euro-zone member states, of 3% of gross domestic product. Read more.

Portugal Daily View

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