Minister of Finance Warns PS and Arri: VAT Reduction in Fuels and Food Would Lead Country to Deficit
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9 Articles
Minister of Finance Warns PS and Arri: VAT Reduction in Fuels and Food Would Lead Country to Deficit
Miranda Sarmento believes that Portugal will continue to have a reduced surplus next year, but without deficit. In Brussels, Minister of Finance leaves warnings to the opposition and the European Central Bank, which has again increased interest rates: care is needed.
Minister of Finance says that the government expects a surplus to continue to be recorded, albeit reduced. Nuno Melo still points out PS as responsible for delays in placements of students in schools.
In order to approve such a proposal, [Fig and PS] both have to vote in favour, [so], if they want to make a coalition and approve it, what they are saying to the country is that they want there to be a deficit in 2027, Miranda Sarmento said in an interview with the Lusa agency, on the sidelines of the informal meeting of economic and financial ministers (ECOFIN), in Dublin.
The Government estimates that the reduction in fuel VAT and exemption from this food tax would have an annual impact of EUR 2000 million, which exceeds the projected budget balance.
In a context of rising prices of war-related prices in the Middle East, both the Arri and the PS advocate the temporary reduction of fuel VAT from 23% to 13%, as well as the application of zero VAT to a set of essential food goods.
Miranda Sarmento The content Minister of Finance does not want to reduce VAT on fuels because country can quickly slip for a deficit appears first in MINHO.
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