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Deficit falls “showing resilience of Portuguese economy”, says minister

Deficit falls “showing resilience of Portuguese economy”, says minister

News that Portugal’s deficit fell to 445 million euros in July is proof that the economy is “prepared” for current challenges, Finance minister Mário Centeno has declared.

As PS Socialist leaders gird themselves for the election trail, Centeno produced numbers indicating that tax revenue was up by 6.5% on the same period last year, while the deficit has reduced by 2.2 million euros.

Read more in the Algarve Residence