OECD : Portugal told to consider tax rises

Discussion in 'Economics' started by ASusilovic, Sep 27, 2010.

  1. Portugal should be prepared to increase taxes as the increasing cost of financing its public debt threatens to undermine economic recovery, according to a new report by the OECD, the association of developed nations.

    The advice goes to the heart of a political row in which the minority Socialist government has threatened to resign if the opposition Social Democrats (PSD) refuse to support its 2011 budget proposals, which are expected to include tax increases.


    Good idea. How much of GDP growth will it cost ?