OECD economic surveys, 2002-2003 : Portugal / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development, publisher.

Language:

English

Subjects (All):

Portugal--Economic conditions--1974-.

Portugal.

Physical Description:

1 online resource (202 p.)

Place of Publication:

Paris, Cedex, France : OECD, 2003.

Language Note:

English

Summary:

<P>SPECIAL FEATURE<BR>Public expenditure</P>

Contents:

""Table of contents""; ""Basic Statistics of Portugal""; ""Assessment and recommendations""; ""I. Macroeconomic developments and prospects""; ""Overview""; ""Figure 1. Macroeconomic performance at a glance""; ""Portugal�s cycle in the European context""; ""Table 1. Portugal and the euro area: key indicators""; ""Table 2. Demand and output: recent trends""; ""Economic slowdown deepened in 2002""; ""Household demand is cooling off�""; ""Figure 2. Contribution to real GDP growth""; ""� and both corporate and public investment fell""; ""Figure 3. Aggregate saving and investment""

""Labour market slack is increasing�""""Table 3. Labour-market indicators""; ""Table 4. Wages and labour costs""; ""� but inflation remained high""; ""Figure 4. Inflation developments""; ""A very high external debtor position""; ""Export performance improved, despite the erosion of competitiveness""; ""Figure 5. Competitiveness indicators and export performance""; ""Table 5. Change in the trade specialisation""; ""The current account deficit narrowed, but still remains high""; ""Figure 6. Current and capital account breakdown""

""Financial inflows reflected mainly banks� external borrowing""""Figure 7. Financial account breakdown""; ""Direct investment inflows remained strong, but their nature has changed""; ""Figure 8. Direct investment flows""; ""Forces at work and the short-term outlook""; ""Monetary conditions are becoming somewhat more restrictive�""; ""Figure 9. Monetary conditions""; ""Figure 10. Credit to the non-financial private sector""; ""� and fiscal imbalances are being corrected""; ""The outlook is for a modest recovery and risks are mainly on the downside""

""Figure 11. Economic confidence indicators""""Table 6. Short-term projections""; ""II. Fiscal policy issues""; ""Introduction""; ""Figure 12. Contributions to fiscal consolidation 1995-2003""; ""Figure 13. The fiscal policy stance""; ""Disappointing results in 2001""; ""Table 7. Budget balance in 2001""; ""Table 8. From the initial 2001 budget to the outturn""; ""Box 1. Early warning and excessive deficit procedure""; ""The 2002 budget (and supplementary budget): implementation difficulties""; ""Box 2. The 2002 Supplementary Budget""; ""The 2003 budget: a restrictive stance""

""Table 9. General government financial accounts""""Medium-term budget strategy""; ""The Stability Programme""; ""Figure 14. Fiscal targets""; ""Public debt trends and management""; ""Figure 15. Public debt scenario""; ""Figure 16. Trends in the debt structure, 1998-2002""; ""Progress with tax reform""; ""Box 3. Tax policy initiatives""; ""III. The effectiveness of public expenditure in Portugal""; ""Introduction and overview of issues""; ""Pressures on public spending""; ""Primary current spending has been rising rapidly""; ""Figure 17. Government spending""

""Figure 18. General government outlays by economic category""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

92-64-09984-0

OCLC:

171584051