AUTOREFRESH 
Portugal to cut budget deficit to 2.8%/GDP in 2013 from 8.3% in 2010 – Draft austerity plan
By Gerry Davies || March 8, 2010 at 11:13 GMT
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- Govt sees deficit falling to 6.6% in 2011, 4.7% in 2012
- Growth seen +0.9% in 2011, +1.3% in 2012, +1.7% in 2013
- Public debt to rise to 88.9%/GDP in 2011, 90.1% in 2012, then drop to 89.3% in 2013
- Spending cuts to account for half of gap reduction, revenue measures for 15-16%, rest from growth
- To cut public investment to 2.9%/GDP in 2013 from 4.2% in 2009
- Public sector wages will not rise above inflation till 2013
- Govt to raise top rate of tax to 45% from 42% on annual income over 150,000 euros. To end stock market tax break
- Expects to raise 6 bln euros via sell-off of state-owned company stakes in 2010
Have a dry weekend all 
[...] Portugal to cut budget deficit to 2.8%/GDP in 2013 from 8.3% in 2010 – Draft austerity plan [...]
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