The joint mission of the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF) returns to Portugal this Wednesday for the third six-monthly review after the end of the assistance program.
The mission came to be scheduled for December but the political stalemate after the parliamentary elections forced the postponement of meetings.
Lenders come analyze national accounts at a time when a number of measures negotiated between the PS and parties left call into question the recommendations of the Commission or the IMF.
Minimum Wage Rise
When you decide to increase the minimum wage in 2016, Government passes alongside the IMF’s recommendations, challenging misaligned increases productivity.
deficit reduction
Both the European Commission and the IMF call for more efforts fiscal consolidation. With the PS government, the deficit will be reduced more slowly than expected by Passos Coelho.
surcharge Elimination
Brussels and the Fund They have reservations about the removal of extraordinary measures, the budget hole that can create. PS, BE and PCP agreed at the fastest return of the surcharge.
wage cuts
Lenders fear that the return of civil service wages create imbalances in public Accounts. The parties on the left have agreed a faster return.
pension increases
Lenders want to control spending on pensions. The PS has decided to increase the lower pensions and still has no specific measures to deal with aging.
Public Employment
During the troika was set up the system that dispensed surplus workers, called regeneration, and there were many restrictions on hiring. The Government has taken the intention of changing the upgrading and already integrated workers away from the job.
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