The Minister of Finance, Miranda Sarmento, stated this Tuesday that she has reasons to be optimistic about the evolution of the Portuguese economy, highlighting that Portugal complies with the budgetary rules to which it is obliged within the scope of the medium-term budget plan.
Stating that the Government is not unaware of the risks, particularly those that may arise from geopolitical shocks, Miranda Sarmento considered that “as of today” there are reasons to be confident and be optimistic that the Portuguese economy “will continue to grow in 2025 and in the coming years”.
The minister spoke at the closing of the conference on ‘The role of banking in economic and social development’, promoted by the Portuguese Banking Association (APB), which took place this Tuesday in Lisbon, on the occasion of its 40th anniversary.
Reviewing some of the macro indicators and measures included in the State Budget proposal for 2025 (OE2025), particularly in the fiscal aspect, the minister highlighted that the expected increase in ISP revenue It results, on the one hand, from the update of the carbon tax and, on the other, from the perspective of greater consumption.
In this context, he stated that before the current Government began to update this rate, the income of ISPs grew around 15%.
Regarding the medium-term budget plan 2025-2028, which Portugal delivered to Brussels, the minister highlighted that Portugal respects the two budget rules, pointing out that the structural primary balance (without the impact of PRR loans) falls by 0.5 percentage points . points (above the 0.35 percentage points to which the country is obliged) and that also in terms of net primary spending meets the average growth limit of 3.6%.
Referring to the banking systemstated that this is currently “very different” from what it was 10 years agopresenting greater solidity, more resilience, with better regulatory rules, although this regulation, in line with what some CEOs of banks present at the conference stated, may have some excesses.
Source: Observadora
