Bagão Félix considers that a 10-euro increase in pensions is an electoral measure – The Economic Journal

Bagão Félix considers that a 10-euro increase in pensions is an electoral measure - The Economic Journal


The former Minister of Finance and Social Security and Labor, in the governments of Durão Barroso and Santana Lopes, respectively, considered the increase in ten euros in pensions an electoral measure, for the 2019 State Budget (OE2019), in an interview with " Antena 1 "and" Jornal de Negócios ". "It is a measure that seems to me, clearly, electoral," Bagão Felix.

For the former ruler, although similar increases in pensions have been made "in previous years, this is a measure" that can not always be made, because the 200 million [de euros] plus 200 million [de euros] are 400 million [de euros]. And those 400 million never disappear again.

Asked if the measure could make Social Security likely in the future, Bagão Felix said: "At the moment, there is no problem because, due to the increase in employment, due to the increase in wages, social security contributions are growing 4.9% – above nominal GDP -, which gives a certain short-term gap. Now, we can not compromise two or three years, looser or less tight, of a situation in the long term. "

In the same interview, Bagão Felix agreed to the salary increases in the civil service, registered in OE2019, although he warned that one can not be to have more employees and still make the same increases.

The full professor of the Lusíada University of Lisbon also recalled that all budgets in election year have a tendency electoral, but considered that it does not make sense to qualify a budget as the one of 2019, with balanced public accounts.

Bagão Félix also spoke of Mário Centeno, considering that this year the Minister of Finance is in a different situation because he is also president of the Eurogroup and therefore can not abdicate to lead by example.



Source link

Leave a Reply