The fiscal deficit of 30,3 per cent in 2010 is expected to decline to 8,5 per cent in 2012.
Portugal’s debt to GDP ratio is expected to increase from 93 per cent in 2010 to 107 per cent in 2012, while austerity measures envisaged are expected to reduce its fiscal deficit from 9,1 per cent to 4,5 per cent next year – that is, to be cut in half in two years.