European Parliament Library

Portugal :, First Review Under the Extended Arrangement

Macroeconomic imbalances are large, and structural problems are deep-rooted in Portugal. The new government’s strong commitment to program implementation is encouraging. Fiscal performance so far demonstrates the need to refocus the fiscal strategy on strong expenditure control, as envisaged under the program. To support activity, it is crucial to prevent an excessively rapid deleveraging of the banking sector. Ultimately, the success of the program hinges on opening up the economy and improving competitiveness. The European Council’s renewed support enhances prospects for the program’s success
Table Of Contents
Cover; Contents; I. Background and Program Design; II. Recent Developments and Performance Under the Program; III. Outlook and Risks; IV. Policy Discussions; A. Fiscal Policy; B. Structural Fiscal Reform; C. Financial Sector Policies; D. Corporate and Household Sectors; Boxes; 1. The Solvency and Deleveraging Assessment Framework; E. Structural Issues; V. Program Financing, New Measures, and Risks; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators - Program Baseline; 2. General Government Accounts; 3. Public Sector Financing Requirements and Sources; 4. Balance of Payments, 2008-16
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (112 p.)
Specific Material Designation
Form Of Item

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