Portuguese finances continue to impress / Portugal held up as symbol of EU recovery

The Portuguese Government issued its proposed stability programme for 2017-2021 on the 13 April 2017. It proposed to eliminate its budget deficit by 2020. The draft plan was submitted to the European Commission for its evaluation.

On the 22 May 2017 the European Commission presented its 2017 country-specific recommendations (CSRs), setting out its economic policy guidance for individual Member States for the next 12 to 18 months. The Commission recommended that the Excessive Deficit Procedures be closed for Portugal. Portugal had brought its deficit below the 3% of GDP Treaty reference value.

ESO: Background information: OECD Economic Surveys. Portugal 2017 http://www.europeansources.info/record/oecd-economic-surveys-portugal-2017/

ESO: Background information: Why Portugal has become an oasis of stability http://www.europeansources.info/record/why-portugal-has-become-an-oasis-of-stability/

European Commission: Business, Economy, Euro: Economic performance and forecasts: Economic performance by country: Portugal https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-performance-country/portugal_en

EUObserver, 22.05.17: Portugal held up as symbol of EU recovery https://euobserver.com/economic/137985

European Commission: Recommendation for a Council Recommendation on the 2017 National Reform Programme of Portugal and delivering a Council opinion on the 2017 Stability Programme of Portugal (COM (2017)51 (22.05.17) https://ec.europa.eu/info/sites/info/files/2017-european-semester-country-specific-recommendations-commission-recommendations_-_portugal.pdf

EurActiv: The Brief, 22.05.17: Portugal, country of miracles http://www.euractiv.com/section/all/news/the-brief-portugal-country-of-miracles/

Focus Economics: Countries: Portugal Economic Outlook http://www.focus-economics.com/countries/portugal

The Portugal News, 22.05.17: EC recommends closure of excessive deficit procedure http://theportugalnews.com/news/ec-recommends-closure-of-excessive-deficit-procedure/42009

Euro|Topics: Debates, May 2017: Portugal rejoices as EU budget procedure ends http://www.eurotopics.net/en/179704/portugal-rejoices-as-eu-budget-procedure-ends

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