Portugal meets its deficit target this year

Note: This section contains information in English only.
Source: The Wall Street Journal
Portugal is taking drastic measures  in order to meet its bailout requirements, but the initiatives do not ensure the country's presence on markets next year, the Bank of Portugal reported on Monday.  The central bank acknowledged that the government significantly consolidated the budget last year, bringing the budget deficit to 4.2 % of GDP. Portugal is determined to meet a deficit target of 4.5 % this year.

 

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