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Portugal Aims to Narrow Budget Deficit to 1% as Economy Grows

Page created: Monday, 16 October 2017 10:32 GMT

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Budget Deficit  Economy Grow

The Portuguese government aims to narrow its budget deficit to 1 percent of gross domestic product in 2018 as the economy is set to grow for a fifth year.

The deficit will be 1.4 percent in 2017, the Finance Ministry said late on Friday in a statement about the 2018 budget proposal. The debt ratio is forecast to drop for a second year to 123.5 percent of GDP in 2018 from 126.2 percent in 2017.