Portugal reduces budget deficit, eyes return to debt market as cutbacks pay off

Portugal’s finance minister says his government’s budget deficit likely fell below the target of 5 percent of GDP last year, reflecting successful measures to cut spending.

You mean to tell me that if you spend less than you take in you reduce your debt?  Amazing…maybe someone should have Gaspar call Obama.

Read Article…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: