Support to companies will continue during the pandemic: “Whatever it takes”, guarantees Finance Minister

The Minister of State and Finance, João Leão, guaranteed this Saturday that support to companies will continue during the covid-19 health crisis.

“[É importante] give confidence to companies. As long as we have the pandemic and economic activity is conditioned, the support remains. Whatever it takes, ”he said in an interview with Antena 1 and “Jornal de Negócios”. “It is critical to give this guarantee, that this support will be maintained as long as necessary.”

The deficit is expected to remain “around 6.3%”, said the Minister of Finance, who denies that the Executive has saved on the execution of the expenditure. In other words, what was “deemed appropriate” was spent, he said.

João Leão also advanced the possibility that the moratoriums are aimed at specific sectors. “Portugal currently has a general moratorium until September, in that sense it was one of the most flexible countries. The legal moratorium that the Government approved covers all sectors. As of March, companies are bound to start bearing interest, except in the sectors most affected. “

And he added: “Depending on the evolution of the pandemic, we are in the evaluation phase to understand how far the moratoriums should be extended or not. We are in the evaluation and discussion phase. ” The minister also admitted that the Government will be more selective in terms of default, as he predicts that the second half of 2021 “will be much better”, a “very robust” growth.

Source: Expresso by

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