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Portugal. “Historic increase” in pensions
The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year.
This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”.
Asked by journalist Carlos Andrade about his executive’s budgetary strategy to respond to the phenomena of rising inflation and interest rates, António Costa maintained that, in the last six years, from a political point of view, “it became clear that the Government has a conservative logic in budget management”.
“The government always prepares for the worst, always hoping for the best – and so far it has gone well. But if the interest rate goes up, we know that interest rate spending will surely increase,” he pointed out.
Read more @The Portugal News
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