State foresees €1.7Bn from Novobanco sale
The government is to receive €1.7Bn from the sale of Novobanco – at least going a small way towards compensating the estimated €8Bn that the banking sector and tax payers had forked out to [...]
Ex-Lloyds boss calls for government surplus to be used to stimulate the economy
The former boss of the UK’s Lloyds Bank, Sir Antonio Horta Osório says that any government surplus should be used to stimulate Portugal’s economy. The celebrity banker, in an interview with the [...]
Portuguese taxes are strangling aspirations and growth says party leader
The leader of Portugal’s centre-right CDS party Nuno Mello has a lot on his plate to resurrect the fortunes of his party of 50,000 party members. He has the populist far right party Chega nipping [...]
State debt +4.7% in December
The Portuguese State’s direct debt increased €12.9Bn in December 2022, to almost €287Bn in a new record. The Portuguese State has never been so indebted in terms of direct debt, and December was [...]
