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European Parliament debates Stability Programme this Wednesday
Parliament today debates the Stability Programme for the period 2024-2028, presented by the Government last week and which is based on an unchanging policy scenario.
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País Parlamento Europeu
The plenary debate is set to begin at 3:00 pm, and is expected to last approximately 61 minutes, with 10 minutes allocated to the Government.
On April 15, the Government submitted the Stability Programme (SP) 2024-2028 to the Assembly of the Republic, with a macroeconomic scenario designed on a basis that only takes into account the policies designed by the previous executive and measures already planned.
The Government maintained the growth of the Portuguese economy at 1.5% this year, in line with that projected in the State Budget for 2024 and one tenth below the macroeconomic forecasts of the Democratic Alliance (AD) in the electoral programme.
It also estimated, without new measures, a budget surplus of 0.3% of GDP this year, slightly above the 0.2% entered in the State Budget, but below the 0.8% projected in the AD programme.
The Public Finance Council (CFP) announced that it did not issue an opinion on the macroeconomic scenario of the Stability Programme because it is based on invariant policies, and showed itself available to carry out an analysis when new policy measures are included.
The Left Bloc (BE) and the PCP submitted a draft resolution to reject the Stability Programme.
The BE considers that the document "is useless, out of date" and "is outside the deadline", recommending that the executive submit to parliament within 10 days "a document clarifying its options in terms of salary priorities, fiscal policy and the proposals it has for the various taxes, but also for the civil service and public spending in light of the electoral promises that have not been fulfilled".
In its draft, the PCP rejects the Stability Programme 2024-2028 and recommends that the Government implement various measures, including a general increase in salaries in the public and private sectors, by a minimum of 15% and not less than 150 euros in the course of this year or an increase in the National Minimum Wage to 1,000 euros in 2024.
In addition to submitting it to parliament, the Government will submit the Stability Programme to the European Commission during the month. However, this year it is mainly a calendar formality, since with the new European budget rules the document loses the weight it had, being replaced by the medium-term budget and structural plans, which should be submitted by the Member States to Brussels in September.
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