HomeEconomyFinance Minister defends consultation agreement on income policy

Finance Minister defends consultation agreement on income policy

The Minister of Finance, Fernando Medina, defended this Friday the importance of an agreement in the Social Dialogue on income policy to guarantee the “stabilization of internal demand” and “social stability” at a time of “uncertainty.”

“In 2023, I think it would be highly desirable to build what should be a income policy agreement. We have an agreement system with the potential and characteristics it has, but we must take this concerted effort further in terms of income policy”, the minister said during the conference. Millennium Talkspromoted this Friday in Porto by Millennium bcp to talk about business investment.

Recalling that “the Government was criticized for the choice it made regarding this year’s salary policy,” Medina reiterated that it is the “correct salary policy” in the current context: “I continue to defend that I think it is the salary policy correct in a year of uncertainty and in a year in which we must not take risks and not introduce factors that feed an inflationary process that is not yet fully known and not fully developed,” he said.

But, he added, the truth is that we will all win and it is essential to establish a foundation of trust in terms of income policy.

In the first place, to allow “the stabilization of domestic demand” at a time when “restrictions on external demand” are expected, due to the slowdown in the main economies, and, subsequently, as a way of promote “social stability, which is an essential element for the economic success of a countryespecially in times of greater uncertainty and greater difficulty,” he explained.

Source: Observadora

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