The Government warns that in order to dynamise the economy, accelerating the growth rate seen in recent years, it will be necessary to invest in areas that will boost the national productive sector, with beneficial implications on the enlargement of the tax base.
The set of measures to boost the economy at a sustainable pace over the medium term should help mitigate one-off crises, such as those of food product prices, finance and the economy.
However, the Ministry of Economy and Finance (MEF) warns that it should be noted that large investment projects require large resources, which often exceed the amount available for State expenditure, both in the internal and external component.
According to data from the MEF, in this sense, the option to obtain loans seems to be the solution for financing these large-scale investments, which would result in an increase in the country’s current level of debt.
For the next few years, the prospect is to explore other financing windows that may allow for the expansion of public investment.
According to the data we have had access to, the country’s indebtedness should be viable, considering the existence of undertakings that have broad positive externalities for other initiatives of a smaller dimension and that contribute to revenue generation and job creation.
In this sense, the exploration of other financing windows should take into account these ventures with great potential to enable income generation for the country.
The Five-Year Government Programme (PQG 2020-2024) presents as an objective the adoption of a more diversified and competitive economy, through the intensification of productive sectors in order to increase income generation and the creation of more employment opportunities, with emphasis on young people.
In this context, major strategic options were defined, prioritising areas with potential to generate new economic and productive dynamics as well as additional income in the short, medium and long term, with emphasis on agricultural production, fishing and aquaculture, tourism, mineral resources and economic infrastructures, although the challenge remains to improve coordination between sectors in the programming and implementation of projects.
