Portugal: Staff Report for the 2003 Article IV Consultation

March 22, 2004

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Portugal: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 31, 2024

Summary

Portugal achieved progress in containing the fiscal deficit, strengthening financial sector resilience, and structural reforms. Executive Directors commended the efforts to contain the fiscal deficit in line with the requirements of the Stability and Growth Pact. They encouraged the authorities to implement the recommendations of the fiscal Report on the Observance of Standards and Codes (ROSC) and to move toward comprehensive multiyear budget targets. They underscored that a sustainable economic recovery hinges on strengthening competitiveness and on coping with the effects of euro appreciation.

Subject: Asset and liability management, Asset management, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public debt

Keywords: Asset management, Asset sale, Central Africa, CR, Deficit, Deficit revision, East Africa, Estimate, Europe, Fiscal stance, GDP, Global, High-frequency activity indicator, Inflation differential, ISCR, Loans, Middle East, Private sector, Report

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/080
Stock No:

1PRTEA0012004
ISBN:

9781451832167
ISSN:

1934-7685

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