Assim não é possível to analyze the forecasts, denounces to UTAO: Portugal is the only country in the euro sem macro seminar with no Stability Program



[ad_1]

“Portugal is the only country that does not disclose any macroeconomic projeção do seu Ministério das Finanças”, criticizes the Unidade Técnica de Apoio Orçamental (UTAO) for its appreciation of the Stability Program that governed on the 7th of May on the Assembleia da República.

This independent body led by Rui Nuno Baleiras clarifies that, as of May 9, there are 17 Stability Programs available to the Comissão Europeia website, lacking Portugal and Slovakia to complete the universe of Member States that compose the euro area . Pray all the 17 Stability Programs tinham macroeconomic center, I have a generality of two countries chosen to present economic projects for 2020–2021 and, in some cases, at 2022/2023.

“Excluding Slovakia, whose Stability Program has not yet been disclosed, only Portugal has not disclosed any macroeconomic projection. With these conditions, it is not possible for UTAO to analyze the projects of the Ministry of Finance for the evolution of various economies of the Portuguese economy, as in the case of the evolution of the GDP and of its components, in the labor market, it has evolved two prices. economic position of Portugal that does not respect its relationship with the rest of the world, through the Balance of Payments and its subdivisions “, lê-se no relatório.

A UTAO lembra that owing to the context of highly uncertain uncertainty originated in covid-19 hair, or Ministério das Finanças understood that the current context would not allow presenting reliable projects. “As a matter of fact, no PE / 2020, there are no projects for the group of different types that typically integrate Stability Programs”.

But this is not the only lack of information criticized by the UTAO, which, in addition, felt obliged to give more information to the citizens about the economic and financial context of the pandemic in Portugal. It is enough to note that the Stability Program presented by the Ministry of Finance has fewer pages than it seems to have been carried out by UTAO in just four days.

Two examples of the opacity of the Ministry of Finance do not indicate which elements are the basis of the calculation of the monthly impact estimates, not the State of the measures taken against Covid-19 and which will correspond to an estimated order of € 1223 milhões por mês.

For some measures related to simplified lay-off and possibility to understand calculation basis. “Notwithstanding, to dimension of the impact of the measures of prophylactic isolation, subsidized by the instrument and dispenses with individual protection equipment it is not easy to apply. There is additional information, it is not possible to pronounce on the quality of the estimated impact of the measures no Stability Program is presented ”, says this independent body that provides technical assistance to the parliament.

Another example is not a fact of the Stability Program just to provide information on the € 6.2 thousand two state grants granted, not the scope of the time frame allowed by the Commission of Europe, intended for granting guarantees to Linha de Apoio à Economia COVID-19 . “There is no information specified on the direct support of € 1.6 thousand years, ne on the remaining authorization of € 6.8 thousand years for granting of guarantees”, accrues to UTAO.

“In need of intervention by the Portuguese State in TAP Air Portugal, it constituted an important downward cliff for public finances, with a high probability of materialization, not finding any Stability Program 2020 to provide information on this matter”, alerts UTAO, which is not available at any time. site da Assembleia da República.

[ad_2]