An important one, in my view, is a picture showing that past programs have failed dramatically predictions of return to economic growth, and overstated in a systematic way the control of public spending. This puts obvious pressure for the current Government to do differently. And there is a very specific concern in the document to improve the tools for budget control within the Government.
Thursday, 1 September 2011
The Portuguese Government made available a new document containing the strategy to bring the budget deficit into control (the document is in Portuguese). Although most, if not all, press has given prime time to the increase in taxes for the higher income bracket and to firms with profits above a certain threshold, the document actually contains more information.
Posted by Pedro Pita Barros at 20:37