The National Statistics Institute (INE) also said the budget gap was expected to end this year at 0.9% this year
PHOTO
Portugal's budget deficit narrowed sharply to 0.4% of gross domestic product in 2022 from 2.9% a year earlier, benefiting from a robust economic recovery along with record inflation that boosted tax revenues, official data showed on Friday.
The National Statistics Institute (INE) also said the budget gap was expected to end this year at 0.9% this year, the same level as targeted by the government in the budget months ago. (Reporting by Sergio Goncalves; editing by Andrei Khalip)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
