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Mario Centeno warns Portugal must cut €12 billion if EU budget rules stay unchanged

Mario Centeno says Portugal’s public accounts face a deep deficit and, without a redefinition of EU budget targets, the state will need to cut €12 billion over the next two years. He also warns that a deficit above 0.5% could trigger an excessive deficit procedure.

4 sources2 points, 1 confirmed

What we know

Each line rests on the points it links to; the bars count the sources behind it.

Points, in the order they emerged

A point is one statement a source made. It is confirmed when two or more independent sources carry it. Quotes are verbatim.

  1. Mario Centeno said public accounts face a deep deficit and, if Brussels does not redefine budget targets, the state will have to cut 12 billion euros over the next two years.

    Confirmed by 4
    What the 4 sources said
    Noticiário Antena 15h Mário Centeno acusa Governo de "desbaratar" folga financeira
    “as contas públicas estariam num déficit profundo.”

    Machine translation: public accounts would be in a deep deficit

    Listen from 0:21
    Noticiário Observador7h. Ventura quer arrancar com CPI a Luís Neves em breve
    “corte de 12 mil milhões de euros nos próximos dois anos.”

    cut of 12 billion euros in the next two years

    Listen from 1:40
    Noticiário Observador8h. Mário Centeno rejeita IVA zero no cabaz alimentar
    “as contas públicas enfrentam um déficit profundo.”

    public accounts face a deep deficit

    Listen from 2:11
    Noticiário Observador9h. Agentes da OpenAI invadiram sites do Governo dos EUA
    “se Bruxelas não redefinir as metas orçamentais impostas a Portugal, o Estado terá de efetuar um corte de 12 mil milhões de euros nos próximos dois anos.”

    if Brussels does not redefine the budget targets imposed on Portugal, the State will have to make a cut of 12 billion euros in the next two years

    Listen from 2:53
    Noticiário Observador11h. Esquerda acusa Governo de condicionar o Orçamento
    “as contas públicas enfrentam um déficit profundo, diz que se Bruxelas não redefinir as metas orçamentais impostas a Portugal, o Estado terá de efetuar um corte de 12 mil milhões de euros durante os próximos dois anos.”

    public accounts face a deep deficit, he says that if Brussels does not redefine the budget targets imposed on Portugal, the State will have to make a cut of 12 billion euros over the next two years

    Listen from 5:45
    Observador
    “Mário Centeno avisa que Portugal pode ter de cortar 12 mil milhões de euros.”

    Mário Centeno warns that Portugal may have to cut 12 billion euros.

    Read at Observador
    Portugal Resident
    “Portugal may have to cut €12 billion from planned public spending over the next two years unless its EU budget targets are revised, former central bank governor”
    Read at Portugal Resident
    Noticiário Observador12h. PS acusa Governo de atuar à margem da AR
    “as contas públicas enfrentam ainda um déficit profundo acredita que se Bruxelas não redefinir as metas orçamentais impostas a Portugal, o Estado terá de efetuar um corte de 12 mil milhões de euros durante os próximos dois anos.”

    the public accounts still face a deep deficit and believe that if Brussels does not redefine the budget targets imposed on Portugal, the State will have to make a cut of 12 billion euros over the next two years

    Listen from 3:09
    Is this point wrong? Tell us
  2. Former Bank of Portugal governor Mário Centeno warned that Portugal could face an excessive deficit procedure if the deficit rises above 0.5%.

    One source
    What the source said
    Noticiário Antena 117h Papa apela à rejeição da eutanásia e do aborto
    “ainda não temos o déficit, mas a partir do momento em que começamos a ter um déficit superior a 0 ,5%,”

    Machine translation: We still do not have the deficit, but from the moment we start to have a deficit above 0.5%

    Listen from 8:15
    Is this point wrong? Tell us

Who reported it

Not reported (yet) by CNN Portugal, Correio da Manhã, Diário de Notícias, ECO, Jornal de Negócios, Público, RTP Notícias, Renascença, The Portugal News.

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