Portugal : 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Portugal

Author/Editor:

International Monetary Fund

Publication Date:

October 24, 2006

Electronic Access:

Free Full text (PDF file size is 865 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Important progress can be seen in the economic and policy environment in Portugal, but challenges remain. Firm implementation of strategy is essential to meet these challenges. It will be essential that expenditure measures move to the forefront, realizing the planned shift away from revenue-based adjustment. Fiscal adjustment will be needed to ensure long-term sustainability. A credible deficit reduction strategy is essential to raise potential growth. The financial system is sound and well supervised, but the government should continue to monitor risks closely.

Series:

Country Report No. 06/377

Subject:

English

Publication Date:

October 24, 2006

ISBN/ISSN:

9781451832204/1934-7685

Stock No:

1PRTEA2006001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

54

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