- Portugal’s government estimates that public investment next year will be 36.9% higher than this year, equivalent to 3.5% of the country’s GDP domestic product, writes a report accompanying its draft state budget for 2023.
- “it is important to highlight that public investment continues to register an evolution consistent with the degree of maturity of structural investments planned before the COVID-19 pandemic, estimated at €10.874 billion, to which are added the Recovery and Resilience Plan (RRP) projects” for spending post-pandemic EU recovery funds.
- The government on Monday submitted to parliament a 2023 budget bill that foresees economic growth of 1.3% next year.
Portuguese public investment to surge next year
