Carregando
Saltar para conte�do
Particulares
Premier
Private & Wealth
AGE
Citizen
Empresas
Negócios
65+
O BPI
Sustentabilidade
Ajuda
PT
PT
EN
ES
Menu
Fechar
Acesso
Fechar
Abrir Conta
Entrar
Particulares
Premier
Private & Wealth
AGE
Citizen
Empresas
Negócios
O BPI
Sustentabilidade
65+
O BPI
O BPI
Quem somos
Modelo de Negócio
Plano Estratégico
Outros sites do grupo
BPI Gestão de Ativos
BPI Vida e Pensões
Informação Financeira
Informação Financeira e Dívida
Relatórios e Contas
Informação Trimestral
Comunicados
Disciplina de Mercado
Programa Euro Medium Term Note
Programa de Obrigações Cobertas
Programa de Obrigações Cobertas Setor Público
Ratings
Informação Legal
Governo da Sociedade
BPI Research
Research
Previsoes
Publicacoes Sectoriais
Informação Mensal
Pulso Económico
Nota Informativa
Macroeconomic Outlook
Daily Report
Fichas Síntese País
Trabalhar no BPI
Trabalhar no BPI
Porquê o BPI
As nossas razões
Cultura BPI
Vantagens de trabalhar no BPI
#PessoasBPI
Por cá
Por lá
Trabalhar connosco
Academia de Trainees BPI
Flash Notes
A
A
A
PR_WCS01_UCM01065657
3 de Maio de 2018
Flash Notes
Public accounts continued to improve in 2017, if we exclude the effect of the recapitalization of Caixa Geral de Depósitos (one-off effect). The deficit reached the lowest level (at least) since 1974 (-0.9% of GDP), benefitting from the favorable economic environment in 2017, the low funding costs and the control of the public expenditure. At the same time, benefiting from the primary surplus, economic growth and the reduction of interest charges, the public debt ratio decreased to 125.7% of GDP at the end of 2017, a key development for the assessment of foreign investors and institutions.
The scenario outlined in the Stability Program for the period 2018-2022 reveals a commitment to maintain the consolidation of public accounts, with the Government anticipating a budget surplus in 2020, and the public debt ratio falling to 102% of GDP in 2022. Although we consider this scenario to be too optimistic, the assumptions presented for 2018-2019 are quite plausible, configuring the continuity of the path of fiscal consolidation and the reduction of public indebtedness, albeit at a pace somewhat slower than that implicit in the official scenario. However, there are some risks: external (global growth, global risk perception) and domestic (evolution of economic activity and eventual unexpected financial support to banks).
This more favorable scenario has led some institutions to review their forecasts for Portugal, such as the IMF, and international rating agencies to be more positive about the path outlined so far and to assess the future of the country in a more optimistic way, like the DBRS.
VER PUBLICAÇÃO COMPLETA
Não existem publicações associadas à sua pesquisa...
Imprimir
Partilhar
Banco BPI
©. Todos os direitos reservados. Website
Acessível.
Este site encontra-se em processo de adoção do novo acordo ortográfico.