Spending consolidation together with some extraordinary measures ensured deficit well below 3%The budget deficit in 2016 decreased to 2.1%, 2.3 percentage points lower than in 2015, according to INE. This figure beats all predictions, including our own, and is actually lower than the initial target proposed by the Government, at 2.2%. As previously mentioned by us and other entities, this was partly the result of an extra curb in spending (namely in public investment and the purchase of goods and services) to compensate for revenues below what was expected.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.