Strasbourg, France – The European Commission announced today that Portugal’s medium-term budget plan for the years 2025 to 2028 aligns with the new EU budgetary regulations, ensuring a “solid budgetary situation.”
According to the European Commission’s Executive Vice-President, Valdis Dombrovskis, Portugal adhered to the prescribed trajectory for net expenditure growth, achieving an annual average increase of 4.5%. He stated that, overall, the plan meets the requirements of the updated EU economic governance framework, as reported by the Lusa news agency and other international outlets.
During a briefing in Strasbourg, coinciding with the European Parliament’s plenary session, Dombrovskis emphasized that Portugal demonstrates a robust budgetary position.
He noted that throughout the duration of the 2025-2028 plan, Portugal is expected to maintain a budget surplus, which signifies a strong fiscal stance. Additionally, he highlighted that the country’s debt-to-GDP ratio is projected to decrease substantially.
Today, the European Commission also published its assessment of the first medium-term budget plan from Lisbon, which outlines targets for expenditures, investments, and reforms, submitted to Brussels in mid-October under the EU’s new fiscal guidelines.
Of the 21 plans evaluated, Portugal’s plan was one of 20 approved, while concerns were raised regarding the Dutch plan.
(26/11/2024)
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