OE2027: CIP calls for measures to attract public and private investment

O president of the Business Confederation of Portugal (CIP) requested measures to make public and private investment more attractive and believes that there is still room to do so during the discussion of the State Budget for 2027 (OE2027).

“I would like you to have an economic vision, because it has, of course, a component, to authorize expenditure and make revenue, but this is in the context of public accounting,” Armindo Monteiro said, in statements to Lusa.

The associative leader welcomed “the effort of balance of accounts”, but what he wanted “was that this balance was being done more on the side of expenditure than on the side of revenue”.

“ We are now in a very great need and have a name, it is called productivity”, he said, pointing out that there is “a productivity deficit”, but that it does not assign responsibilities to workers.

“ I attribute this deficit of productivity to the small investment, whether public or private, and to the model of specialization of the Portuguese economy”, he said.

“ We have to transform these two things, that is, making investment attractive in Portugal, whether public or private,” he said, pointing out that “a strong transformation of the economic model is necessary, of course we need many measures here to achieve these goals.”.

According to Armindo Monteiro, “now the discussion of the specialty will follow and then the vote”, with the CIP leader believing that “there is still room to include any of these measures.”.

The Government today handed over to the Assembly of the Republic the proposal for a State Budget for 2027, before the deadline laid down by law.

The budget proposal foresees an economic growth of 2.3% this year and 2.1% in 2027 and balanced accounts this year and a surplus of 0.1% in 2027.

The proposal will be discussed and voted on in general between 27 and 28 October. The overall final vote is scheduled for November 24, after the discussion process in the specialty.