With no budget, another bailout may soon come back to Portugal - João Salgueiro

Economist and ex-minister of Finance, João Salgueiro

A serious alert was left at the microphones of Radio Renaissance ~

by economist João Salgueiro, on the same day 

that Brussels again warned Portugal, that it still awaits the submission of 

the draft budget for 2016, 

noting that the document is needed for an "analysis of the budgetary trends" 

in the euro area .

Without a government and without a budget. 

That's the condition of the country 

and, for the former finance minister João Salgueiro,

 this is not positive 

and may lead Portugal to a new ransom demand.

"I have been through such a situation," he said, 

adding that he was part of a "caretaker" government 

for more than four months, almost five, 

and the budget was dispensed." 

"But all the parties agreed that it had to take decisions 

before canceling the Budget. 

There must be a majority in Parliament, I do not know who, 

but there must be, and this "majority" should be responsible 

for the decisions being made, "he said.

João Salgueiro paints a pessimistic future for Portugal: 

"We borrowed money from three international organizations, 

we found ourselves free of that bailout quite recently 

but soon will be forced to ask for a new bailout. 

If we keep on doing things like this, 

the country will not be able to withstand without a budget. 

Of course, we will need a new bailout. 

Speaking about the deficit, 

the economist assures that with a Left-wing government, 

the deficit will not be below 3%,

unless of course, there is a tax increase. 

He reminds the country, 

that the spokesperson 

of the European Commission for Economic Affairs, 

has again warned Portugal that it is necessary to have a state budget 

as soon as possible. 

"We want to make an analysis of budgetary trends 

and we need comparable data 

from all Member States of the euro zone," 

said Annika Breidthardt, 

ensuring that it is not mere bureaucracy.

"We are not being merely bureaucratic 

when we encourage the Portuguese government 

to deliver a draft budget plan, 

based on unchanged policies," he noted.