Financial assistance programme for Portugal evaluated for last time in April

17 April 2014

The last evaluation by the tripartite committee overseeing the financial assistance programme for Portugal begins on 22 April and should continue until the end of this month, reports the Portuguese press.

Portugal finishes next May the budget adjustment programme agreed on with the troika comprising the European Commission, the European Central Bank and the International Monetary Fund. The conditions whereby the country will leave the programme are not yet known.

Finance Minister Maria Luís Albuquerque said that “lasting measures” would be discussed during the evaluation, i.e. the austerity measures applied since external aid was requested in May 2011; those temporary measures should become definitive.

“Those subjects will have to be discussed at the programme’s last evaluation, so they can be included in the state budget for 2015,” the minister added. (macauhub/PT)