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OE2025: Tax burden reduction and budget balance are "priorities"
The Minister of Finance, Joaquim Miranda Sarmento, stated today that the 2025 State Budget (OE2025) will have among its priorities the reduction of the tax burden, within the available budgetary margin, but also the balance of public accounts.
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Economia OE2025
Speaking at the opening of the parliamentary debate on the Stability Programme 2024-2028, the minister announced that the medium-term structural programme, which will be sent to the European Commission in the autumn, as well as the OE2025, will be "in line with the priorities of this Government".
Among these priorities, he listed the "structural transformation of the Portuguese economy, increasing its competitiveness and productivity", reducing the tax burden, "within the available budgetary margin" and "balanced public accounts and reducing debt for sustainable economic and social development".
The Minister of Finance argued that the available margin for budgetary stimuli is conditioned by the need to keep the accounts balanced and the public debt on a downward trajectory.
For Miranda Sarmento, these "factors are decisive not only to strengthen the resilience of the Portuguese economy to adverse shocks, but also for its growth strategy to be robust and sustainable".
The minister also considered that the growth prospect of the Portuguese Gross Domestic Product (GDP) of 2%, included in the PE in a scenario of unchanging policies, "is very little".
"Our programme and our measures aim to increase the productivity and competitiveness of the Portuguese economy, increasing potential GDP, aiming for more robust economic growth, exceeding 3% per year", he assured.
Miranda Sarmento also pointed out that the PE points to a budget surplus of 2% of GDP, however, he argued that "the action of this Government and the positive effect of the economic policy measures, which will be implemented this year, may have a positive impact on the budget surplus that should be recorded at the end of 2024".
Read also: European Parliament debates Stability Programme this Wednesday (Portuguese version)
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