| Empréstimos de Outras Instituições Financeiras Monetárias a Particulares | ||||||
| Loans of Other Monetary Financial Institutions to Private Individuals | ||||||
| Milhões de Euros | ||||||
| Millions of Euros | ||||||
| Crédito | Concedido | Cobrança Duvidosa | ||||
| Banking Credit | Installment Credit | Uncertain Collection | ||||
| Habitação | NOV.11 | 113.270 | 2.145 | |||
| Mortgage | NOV.12 | 110.048 | -2,84% | 2.260 | 5,36% | |
| Consumo | NOV.11 | 14.882 | 1.487 | |||
| Consumption | NOV.12 | 13.412 | -9,88% | 1.562 | 5,04% | |
| Outros Fins | NOV.11 | 11.790 | 1.145 | |||
| Another Finality | NOV.12 | 10.948 | -7,14% | 1.261 | 10,13% | |
| Total | NOV.11 | 139.942 | 4.777 | |||
| Total | NOV.12 | 134.407 | -3,96% | 5.084 | 6,43% | |
| Fonte: Boletim Estatístico do Banco de Portugal | ||||||
| Source: Portugal Central Bank | ||||||
Consultoria, aconselhamento e esclarecimento no Endividamento das Famílias e das Empresas não Financeiras. Consultadoria Estratégica Económica, Financeira e Bancária. Indebteness Consultancy for Family's and Enterprises. General Banking, Economics and Financial Strategic Consultancy.
sexta-feira, 25 de janeiro de 2013
Crédito Concedido a Particulares/Crédito de Cobrança Duvidosa - Variação Homóloga/Homologous Change
Crédito Concedido a Particulares/Crédito de Cobrança Duvidosa - Variação Mensal/Month Change
| Empréstimos de Outras Instituições Financeiras Monetárias a Particulares | ||||||
| Loans of Other Monetary Financial Institutions to Private Individuals | ||||||
| Milhões de Euros | ||||||
| Millions of Euros | ||||||
| Crédito | Concedido | Cobrança Duvidosa | ||||
| Banking Credit | Installment Credit | Uncertain Collection | ||||
| Habitação | OUT.12 | 110.374 | 2.229 | |||
| Mortgage | NOV.12 | 110.048 | -0,30% | 2.260 | 1,39% | |
| Consumo | OUT.12 | 13.508 | 1.539 | |||
| Consumption | NOV.12 | 13.412 | -0,71% | 1.562 | 1,49% | |
| Outros Fins | OUT.12 | 11.041 | 1.263 | |||
| Another Finality | NOV.12 | 10.948 | -0,84% | 1.261 | -0,16% | |
| Total | OUT.12 | 134.924 | 5.031 | |||
| Total | NOV.12 | 134.407 | -0,38% | 5.084 | 1,05% | |
| Fonte: Boletim Estatístico do Banco de Portugal | ||||||
| Source: Portugal Central Bank | ||||||
segunda-feira, 21 de janeiro de 2013
IMF - Portugal: Letter of Intent, Memorandum
of Economic and Financial Policies, and Technical Memorandum of Understanding,
December 19, 2012
http://www.imf.org/External/NP/LOI/2012/PRT/121912.pdf
http://www.imf.org/External/NP/LOI/2012/PRT/121912.pdf
sexta-feira, 18 de janeiro de 2013
IMF Completes Sixth Review Under an EFF Arrangement with Portugal, Approves €838.8 Million Disbursement
The Executive Board of the International Monetary Fund (IMF) completed the sixth review of Portugal’s performance under an economic program supported by a 3-year, SDR 23.742 billion (about €27.51 billion) Extended Fund Facility (EFF) arrangement. The completion of the review enables the immediate disbursement of an amount equivalent to SDR 724 million (about € 838.8 million), bringing total disbursements under the EFF arrangement to SDR 19.126 billion (about €22.16 billion).
The Executive Board also approved a request for waivers of applicability for the end-December 2012 performance criteria (PC). This waiver was necessary because the Executive Board meeting was scheduled to take place after end-December but prior to the availability of data to assess the relevant PCs
The Executive Board today also concluded the 2012 Article Consultation with Portugal. A Public Information Notice will be issued in due course.
The EFF arrangement, which was approved on May 20, 2011 is part of a cooperative package of financing with the European Union amounting to €78 billion over three years. It entails exceptional access to IMF resources, amounting to 2,306 percent of Portugal’s IMF quota.
The authorities policy and reform effort has been impressive. Considerable progress has already been made in fiscal and external adjustment, and sovereign spreads have narrowed significantly, which bodes well for the authorities’ strategy of regaining market access. Nonetheless, the near-term outlook is uncertain, and sizable medium-term economic challenges remain. In light of this, the authorities need to sustain efforts to make the tradable sector more competitive, boost long-term growth, and further advance fiscal consolidation.
The fiscal objectives remain appropriate, provided economic developments unfold as expected. However, a public debate on how to best share the burden of the remaining sizable fiscal adjustment is needed. Given an already high tax burden, the expenditure review that is aimed at rebalancing the adjustment mix is welcome. Going forward, a broader tax base and strengthened compliance would help generate space for lower income tax rates, particularly for corporate income tax, with a view to fostering investment and competitiveness. Significant progress has been made on the fiscal structural agenda, but continued strong implementation will be needed to achieve durable fiscal consolidation.
The authorities have a strong track record in preserving financial stability, but need to continue to monitor risks vigilantly. Progress has been made in keeping the banks well capitalized and adequately financed. Improved credit conditions will be important to facilitate economic recovery and ensure an orderly deleveraging by highly indebted firms.
The progress on labor and product market reforms, as well as in the judiciary, is encouraging. However, the authorities should vigorously pursue structural reforms to lock in a durable improvement in competitiveness, growth, and employment.
In addition to domestic efforts, success will depend critically on continued external support and successful crisis policies at the euro area level. Support from the Eurosystem is important to contain credit market segmentation and improve monetary policy transmission.
The Executive Board of the International Monetary Fund (IMF) completed the sixth review of Portugal’s performance under an economic program supported by a 3-year, SDR 23.742 billion (about €27.51 billion) Extended Fund Facility (EFF) arrangement. The completion of the review enables the immediate disbursement of an amount equivalent to SDR 724 million (about € 838.8 million), bringing total disbursements under the EFF arrangement to SDR 19.126 billion (about €22.16 billion).
The Executive Board also approved a request for waivers of applicability for the end-December 2012 performance criteria (PC). This waiver was necessary because the Executive Board meeting was scheduled to take place after end-December but prior to the availability of data to assess the relevant PCs
The Executive Board today also concluded the 2012 Article Consultation with Portugal. A Public Information Notice will be issued in due course.
The EFF arrangement, which was approved on May 20, 2011 is part of a cooperative package of financing with the European Union amounting to €78 billion over three years. It entails exceptional access to IMF resources, amounting to 2,306 percent of Portugal’s IMF quota.
The authorities policy and reform effort has been impressive. Considerable progress has already been made in fiscal and external adjustment, and sovereign spreads have narrowed significantly, which bodes well for the authorities’ strategy of regaining market access. Nonetheless, the near-term outlook is uncertain, and sizable medium-term economic challenges remain. In light of this, the authorities need to sustain efforts to make the tradable sector more competitive, boost long-term growth, and further advance fiscal consolidation.
The fiscal objectives remain appropriate, provided economic developments unfold as expected. However, a public debate on how to best share the burden of the remaining sizable fiscal adjustment is needed. Given an already high tax burden, the expenditure review that is aimed at rebalancing the adjustment mix is welcome. Going forward, a broader tax base and strengthened compliance would help generate space for lower income tax rates, particularly for corporate income tax, with a view to fostering investment and competitiveness. Significant progress has been made on the fiscal structural agenda, but continued strong implementation will be needed to achieve durable fiscal consolidation.
The authorities have a strong track record in preserving financial stability, but need to continue to monitor risks vigilantly. Progress has been made in keeping the banks well capitalized and adequately financed. Improved credit conditions will be important to facilitate economic recovery and ensure an orderly deleveraging by highly indebted firms.
The progress on labor and product market reforms, as well as in the judiciary, is encouraging. However, the authorities should vigorously pursue structural reforms to lock in a durable improvement in competitiveness, growth, and employment.
In addition to domestic efforts, success will depend critically on continued external support and successful crisis policies at the euro area level. Support from the Eurosystem is important to contain credit market segmentation and improve monetary policy transmission.
quinta-feira, 10 de janeiro de 2013
CONSELHO CONSULTIVO - 8.JAN
ETV - Diário Económico
(Author Participation)
http://www.youtube.com/watch?v=DNOp72avH6Y&feature=youtu.be
ETV - Diário Económico
(Author Participation)
http://www.youtube.com/watch?v=DNOp72avH6Y&feature=youtu.be
IMF - Report
Relatório do Fundo Monetário Internacional
PORTUGAL - Rethinking the State - Selected Expenditure Reforms Options
PORTUGAL - Repensar o Estado - Selecção de Opções e Reformas
http://www.imf.org/external/pubs/ft/scr/2013/cr1306.pdf
Relatório do Fundo Monetário Internacional
PORTUGAL - Rethinking the State - Selected Expenditure Reforms Options
PORTUGAL - Repensar o Estado - Selecção de Opções e Reformas
http://www.imf.org/external/pubs/ft/scr/2013/cr1306.pdf
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