Miranda Sarmento: "Portugal can reach 2031 with a public debt lower than Germany's"

Joaquim Miranda Sarmento, Portugal's Finance Minister, emphasized the importance of reducing public debt, aiming for 84.5% of GDP by 2027. He projected that by 2031, Portugal could have a debt lower than Germany's, at 72% of GDP. The government anticipates economic growth of 2.3% this year and 2.1% next year. Despite a proposed 30% reduction in public investment for 2027, Sarmento noted that overall investment remains positive, supported by tax revenues. He highlighted Portugal's progress in debt reduction compared to other EU countries, particularly in light of rising debts in nations like Germany due to military spending.