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The Stability And Growth Programme For 2010-2013

Original Language Title: Programa de Estabilidade e Crescimento para 2010-2013

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Draft Resolution No. 91 /XI/1.

(Stability and Growth Program for 2010-2013)

Given that the international financial and economic crisis has had a negative impact

in the public finances of the generality of the countries, ora by the track of the stabilizers

automatic, ora by the need for the implementation of measures to support the

financing of the economy and business, particularly those of small and medium

dimension, as well as to the unemployed and families;

Recognizing that the maintenance of high deficits and the worsening of the weight of the

debt have negative implications in the perception of the risk associated with financing the

countries in the situation of excessive deficit, and may involve high costs of

funding and difficulties in their flow, compromising the development of the

economic activity;

Finding that the recent experience proves that consolidation of accounts

public is also indispensable to ensure the sustainability of social policies and

of public social protection systems, as well as to ensure the ability to

response and support from the State in crisis situations;

Considering that the Stability and Growth Programme for 2010-2013 adopts

a strategy of fiscal consolidation, which is based on a macroeconomic scenario


Taking into account the way this strategy takes on investment initiatives and

too much public policies directed at the consolidation of economic resumption and promotion

of employment, as well as the modernization of the economy and the state, with a view to

strengthen the structural conditions of competitiveness and internationalization of the

Portuguese economy;

Verifying that the frankly positive way as has been received the Program of

Stability and Growth for 2010-2013 by the generality of institutions

international indicated that the chosen strategy brings together conditions to contribute to the

enhancement of the country's international credibility and to the strengthening of confidence in the economy


Thus, the Assembly of the Republic, having appreciated the Stability Programme and

Growth for 2010-2013, resolves, in accordance with Article 166 (5) of the

Constitution, the following:

1-Support the constant fiscal consolidation of the Stability Programme and

Growth (PEC) for 2010-2013, assuming the need for deficit reduction for

2.8% of GDP up to 2013 and control of public debt growth, as well as of the

promotion of sustained growth of the economy and employment and strengthening of the

structural conditions of competitiveness and internationalization of the economy


2-Recognizing the priority conferred on the reduction of public spending, in particular the

current expense.

3-Assuming that the public investment and public initiative effort to be carried out

should take into consideration the need to ensure the sustainability of the

fiscal consolidation and control of public and private indebtedness and contribute

for the enhancement of the productive potential of the Country, its modernization and its

competitiveness in a perspective of sustained growth.