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MessagePosté le: Lun 10 Sep - 03:24 (2018)    Sujet du message: Cheap Miami Dolphins Jerseys Répondre en citant

LISBON, Nov. 28 (Xinhua) -- Portugal is unlikely to manage to reduce its budget deficit to below 2.1 percent of gross domestic product (GDP) in 2017, the OECD said in a statement on Monday, adding that public reforms of expenditure should be carried out.

The Organization for Economic Cooperation and Development(OECD) said it forecast the budget deficit to reach 2.5 percent of GDP this year in line with the European Commission's forecasts.

However, the OECD is not as optimistic as Portugal's Socialist government when it comes to next year's forecasts, expecting the deficit to reach 2.1 percent of GDP, higher than the 1.6 percent target set by the Portuguese government.

"The budget margin is limited and the government should focus on the composition of expenditure and on taxes to support economic growth," the OECD said in a statement.

"Carrying out permanent reductions in current expenditure, especially in personnel costs, could free up resources to enable more productive spending," the statement adds.

The OECD also said it was concerned with Portugal's high level of public debt which still represents around 130 percent of GDP.

Public debt is expected to represent 130.5 percent of GDP this year and 129.5 percent in 2017, according to the OECD. The government expects a public debt of 129.7 percent this year and 128.3 percent in 2017.

The country's left-leaning anti-austerity ruling government led by Antonio Costa has been faced with stiff resistance by European Union (EU) lawmakers for missing the EU budget target last year as the country attempts to roll back austerity.

However, the European Commission recently affirmed that Portugal would continue to receive European funds, after the Commission approved all of the country's reports and assessments.

The Portuguese government has insisted that debt has been gradually falling since 2014 when the country exited a 78-billion-euro (82.53 billion U.S. dollar) bailout it signed in 2011 when it was on the verge of bankruptcy.

The top Olympics body said it would discuss the "candidature process" for bids on Friday Cheap Orleans Saints Jerseys , as speculation soars that the 2024 and 2028 Games may both be awarded this year.

The International Olympic Committee's (IOC) executive board added the entry as the last item on a revised agenda for Friday, the final day of its meeting in Pyeongchang, South Korea.

The idea of awarding two Games at once has gained currency after Budapest withdrew from the race for the 2024 Summer Games, leaving Paris and Los Angeles as the only bidders. With fewer major cities willing to embrace the Games' multibillion dollar price tag Cheap England Patriots Jerseys , it has raised the prospect of the IOC possibly awarding the 2024 and 2028 hosting rights at a crunch vote in Lima, Peru on September 13.

Speculation has also arisen that the IOC could call an extraordinary session in July to allow members to vote on the new process. But a source close to the IOC said, "The next steps depend on the discussion tomorrow."

Executive board members were reluctant to discuss the matter in detail on Thursday, although American Angela Ruggiero Cheap Minnesota Vikings Jerseys , chief strategy officer for LA 2024, said the campaign was solely focused on 2024.

"We're '24," Ruggiero told AFP. "We've guaranteed contracts from the venues, from the state Cheap Miami Dolphins Jerseys , from the city, the public support 88 percent. That's all for the '24 Games."

IOC member Wu Ching-kuo, previously an opponent of awarding both Games at once, appeared to have softened his stance when he said Cheap Los Angeles Rams Jerseys , "I think it's a very exciting issue.

"Many unpredictable situations, so it's very difficult to say anything now."
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