Portugal; Request for a Three-Year Arrangement Under the Extended Fund Facility

Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.

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Year of publication:	2011-06-07
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic indicators \| Extended arrangement requests \| Fiscal reforms \| Public-private sector cooperation \| Staff Reports \| external debt \| public debt \| current account \| government deficit \| budget law \| fiscal consolidation \| fiscal risks \| government debt \| taxation \| fiscal policy \| current account deficit \| fiscal strategy \| debt sustainability \| tax administration \| balance of payments \| state budget \| fiscal measures \| external financing \| public sector debt \| debt dynamics \| debt service \| capital expenditures \| capital expenditure \| external debts \| fiscal adjustment \| structural fiscal \| debt restructuring \| central bank \| public spending \| fiscal council \| debt sustainability analysis \| fiscal forecasts \| external debt sustainability \| fiscal sustainability \| short-term debt \| sovereign debt \| current account balance \| foreign debt \| fiscal reform \| fiscal deficit \| central banks \| excessive deficit procedure \| fiscal targets \| structural fiscal reform \| primary deficit \| budget process \| long-term debt \| fiscal framework \| reserve assets \| expenditure cuts \| fiscal control \| debt ratio \| debt stock \| government budget \| private banks \| budget expenditures \| sovereign debt crisis \| annual budget \| tax bases \| tax compliance \| external payments \| repayments \| tax rates \| tax system \| debt refinancing \| current account deficits \| fiscal risk \| fiscal impact \| account deficits \| domestic currency \| tax revenue \| external payments arrears \| government budget execution \| private sector debt \| fiscal implications \| debt crisis \| budget balance \| fiscal target \| long-term loans \| tax increases \| payment arrears \| budgetary impacts \| fiscal position \| debt overhang \| budgetary process \| budget projections \| private external debts \| budgetary position \| primary current expenditure \| fiscal balances \| interest expenditure \| expansionary fiscal policy \| amortization payments \| fiscal reporting \| budgetary funds \| spending cuts \| current account balances \| public external debt \| tax structure \| medium-term fiscal strategy \| central government budget \| long-term external debt \| credit tranche \| tax changes \| private external debt \| budget deficit \| revenue collection \| level of indebtedness \| tax office \| repayment capacity \| sovereign default \| total external debt \| budgetary central government \| expansionary fiscal \| fiscal indicators \| primary expenditure \| government expenditure \| fiscal policy objectives \| debt servicing capacity \| fiscal program \| public expenditures \| fiscal stabilization \| reduction in public spending \| public sector borrowing \| expenditure growth \| debt market \| fiscal assumptions \| deficit financing \| budgetary implications \| budget revenues \| fiscal transparency \| ratio of government expenditure \| tax evasion \| debt management \| government spending \| debt servicing

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/127 12 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244580