Latest Key Developments, September 2015, Ministry of Finance

Page created: Sunday, 4 October 2015 23:44GMT | Updated: Tuesday, 6 October 2015 14:56GMT

Press Release:  30 September 2015 - 1 Page(s)
Tags:
Financial Assistance Programme  Financial Markets  Short-term Economic Indicators

For 2015, the Government maintains its firm commitment to respect this year’s deadline for Portugal to exit the EDP and to place the debt-to GDP ratio on a downward trajectory. In the required biannual notification to Eurostat:
— The deficit target for this year is reaffirmed at 2.7% of GDP.
— General Government Gross Debt is expected to reach 125.2% of GDP by end-2015 (down from 130.2% by end-2014). The revision vis-à-vis the Stability Programme’s projection is entirely explained by the need to reflect the statistical authorities’ recent decision to change the treatment of cash-collateral resulting from derivatives’ contracts.



Original title:  Portugal: Latest Key Developments - September 2015