State Expense: Mário Centeno says there is a risk of breach of European rules

State Expense: Mário Centeno says there is a risk of breach of European rules

In the one that may have been the last press conference of the still governor of Banco de Portugal, whose mandate ends in the next month, cEntity returns to the cargo in criticism of Montenegro and Miranda Sarmento.

Mario Centeno again criticizes the government, saying that state expense is growing at a pace that will undermine European rules and will bring public accounts to the deficit. The governor of the bank of Portugal It uses the theme of immigration to say that without immigrants the economy does not grow.

In the one that may have been the last press conference of the still governor, whose mandate ends in the next month, centity returns to the cargo in criticism of Montenegro and Miranda Sarmento:

“There is a risk of non -compliance with European rules on the horizon. Expense grows by 2025 5% after growing huge 11% by 2024.”

More public expense than, in the view of the governor of the Portugal, will take the state accounts again to red:

“After the 2024 surplus, we currently project deficits at 25, 26 and 27.”

Negative balance alreadythis year And next, with the deficit being able to reach 1.3% of GDP. The bank of Portugal It is also more pessimistic With the economy and points to a growth of 1.6% in 2025, well below what the government foresees.

Another of the governor’s concerns is the job market. In the last six months, a destruction has been found of jobs and less hiring.

Without wanting to alarm the country, Mário Centeno says that the last time this happened was in Troika times, Although the current situation is favorable.

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