ECONOMY - FINANCE - BUSINESS / (ae) portugal

Deficit down to 4.9% of GDP in 2013, easily beating the 5.5% target

Brussels, 31/03/2014 (Agence Europe) - On 31 March, the Portuguese statistics office, INE, revealed that the country brought it public deficit down to 4.9% of GDP in 2013, beating its target of 5.5%. The results are better than expected and will help boost investor confidence two months before the country exits its international aid programme on 17 May. INE, like the Portuguese government, predicts a public deficit of 4.0% of GDP in 2014 and expects public debt to fall to 126.8% (€213.63...