Nelson de Souza: "Recovery can only involve promoting public investment"

24-09-2020
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The Planning Minister defended the role of the State in the economic recovery, refuting the criticisms of the excessive allocation of the Recovery Plan's funds to the public sector, highlighting the examples prescribed by international organizations that point to the importance of public investment. Nelson de Souza also stressed that the Government wants to study a mechanism for greater transparency in the execution of European funds.

"The recovery can only go through the promotion of public investment and it is only the State that, in these circumstances, can promote and play this role", said Nelson de Souza, this Wednesday, in the closing intervention of the debate "Strategic Vision for the economic recovery plan for Portugal 2020-2030 ”, which took place in Parliament, in Lisbon.

In the parliamentary debate convened by the Government, the Planning Minister exemplified that “in a quick way, just look at the prescribers, analysts, economists, the ECB, the IMF, the OECD” that “they all recommend the adoption of programs economic stimulus, all of them using public investment as a lever ”.

“The ideological obsession of the right against the role of the State prevents it from realizing after all what is evident: that the private sector is not in the current circumstances in the best circumstances to do what a situation of crisis and relaunch needs to be done. in the economy, which is to invest ”, he stressed.

He also pointed out the Executive's availability to “study new means to even transforming and modifying the current black box, which in the eyes of users is the current fund management and control system, in a system of glass walls, which at the same time fights, ensures the good use of funds, also promotes the efficiency and speed that we all want ”.

The government official also criticized the involvement of the parties in the discussion, considering that "the relevance of the theme for our common future, perhaps generated in us expectations of a greater contribution".

“We will continue to wait until the time limit, which, as we know, is short in this first phase of conception and design of our program,” he said, adding that “in one way or another, some with more quality and others with less, but almost all the right-wing parties criticized an alleged excessive allocation of funds to the State in this plan ”.

“This is an assessment that we consider to be very limited and reducing, only sustained, in a short view of the accounting of the share of financing directly attributed to the companies. Limited because it does not take into account that it is with anticipated public investment that the State will produce goods and services that will reduce context costs for companies and offer better services to citizens, among whom are also workers of the companies ”, he stressed.

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The Planning Minister defended the role of the State in the economic recovery, refuting the criticisms of the excessive allocation of the Recovery Plan's funds to the public sector, highlighting the examples prescribed by international organizations that point to the importance of public investment. Nelson de Souza also stressed that the Government wants to study a mechanism for greater transparency in the execution of European funds.

"The recovery can only go through the promotion of public investment and it is only the State that, in these circumstances, can promote and play this role", said Nelson de Souza, this Wednesday, in the closing intervention of the debate "Strategic Vision for the economic recovery plan for Portugal 2020-2030 ”, which took place in Parliament, in Lisbon.

In the parliamentary debate convened by the Government, the Planning Minister exemplified that “in a quick way, just look at the prescribers, analysts, economists, the ECB, the IMF, the OECD” that “they all recommend the adoption of programs economic stimulus, all of them using public investment as a lever ”.

“The ideological obsession of the right against the role of the State prevents it from realizing after all what is evident: that the private sector is not in the current circumstances in the best circumstances to do what a situation of crisis and relaunch needs to be done. in the economy, which is to invest ”, he stressed.

He also pointed out the Executive's availability to “study new means to even transforming and modifying the current black box, which in the eyes of users is the current fund management and control system, in a system of glass walls, which at the same time fights, ensures the good use of funds, also promotes the efficiency and speed that we all want ”.

The government official also criticized the involvement of the parties in the discussion, considering that "the relevance of the theme for our common future, perhaps generated in us expectations of a greater contribution".

“We will continue to wait until the time limit, which, as we know, is short in this first phase of conception and design of our program,” he said, adding that “in one way or another, some with more quality and others with less, but almost all the right-wing parties criticized an alleged excessive allocation of funds to the State in this plan ”.

“This is an assessment that we consider to be very limited and reducing, only sustained, in a short view of the accounting of the share of financing directly attributed to the companies. Limited because it does not take into account that it is with anticipated public investment that the State will produce goods and services that will reduce context costs for companies and offer better services to citizens, among whom are also workers of the companies ”, he stressed.

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