Portuguese economy has 2 problems: a public spending one (the famous public deficit) and an economic one (lack of productivity and competitiveness). Attacking the public deficit by not tackling on expenses and just raising taxes doesn't solve the first problem and only deepens the second one. That is why I am against the current solution of raising income taxes (it will kill our economy) and I am hopeful on the news that the Finance Minister will try to reduce that increase and shift correction to the spending side of the equation. I will be looking forward to this.
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