Portugal economy


Portugal: Potential fiscal slippage this year likely to set the bar higher for next

LONDON | By BARCLAYS | The Portuguese government presented yesterday the draft Budget Law for 2014. Fiscal measures to be deployed amount to EUR3.9bn (2.4% of GDP), about 0.4% of GDP above the EUR3.3bn announced in May when the cabinet approved additional austerity measures to meet revised fiscal targets for this year and next (EUR1.4bn in 2013 and EUR3.3bn in 2014).