Thursday 11 October 2012

Supporting (and challenging) João Salgueiro's words

Public administration should be streamlined - so, simplified and implying headcount reduction (which would lead to less burocracy). But, and full supporting João Salgueiro there, we need to do these while we put forward a growth strategy based on productive investment - which would allow to reduce unemployment (that would rise initially due to public administration layoffs) - and to provide the conditions for that. The only way to control deficit is to be more productive while controlling unnecessary spending. We need to raise GDP while spending less. But we need to walk the talk - and we are still far away to understand that we need both streams to be successful.

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