Portugal Considers Measures If Revenue Misses Budget Plan
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The Portuguese government is ready to implement additional measures in 2013 if there are slippages in meeting budget targets, the European Commission said.
Fiscal consolidation efforts are “in line” with the budget-deficit targets of 5 percent and 4.5 percent of gross domestic product for 2012 and 2013, respectively, the commission said in a report obtained by Bloomberg News about the sixth review of the aid program it conducted together with the International Monetary Fund and the European Central Bank. The program is “broadly on track,” it said.