Portugal seeks easing of 2014 deficit goal

GMT 10:54 2013 Wednesday ,11 September

Arab Today, arab today Portugal seeks easing of 2014 deficit goal

Arab Today

Portugal on Wednesday urged its international lenders to ease its 2014 budget deficit reduction target from 4 percent to 4.5 percent of GDP. During the latest review, "the Portuguese government had argued for a 4.5 percent public deficit but the troika (EU, IMF and European Central Bank) had asked for 4 percent," Deputy Prime Minister Paulo Portas said. "The government believes that the target it proposed remains more appropriate."

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