Portugal: Lower taxes, higher pensions promises finance ministe

Page created: Wednesday, 16 August 2017 9:37 GMT

Mario Centeno

Lisbon, Aug. 14 (Lusa) – Portugal’s finance minister, Mário Centeno, said on Monday he intended to cut income tax on the lowest earners and increase pensions.

Mário Centeno said in a commentary on the 2.8% increase in Gross Domestic Product (GDP) in the second quarter of 2017, that income taxes would be cut on lower incomes in 2018 as the economic growth allowed for this.

The Portuguese National Statistics Institute (INE) said on Monday that the Portuguese economy had expanded 2.8% in the second quarter of the year compared with the same period in 2016 and 0.2% compared with the first quarter of this year.