Goodbye provisional reserve fund for State emergencies

Mario Centeno, the Finance Minister of the unelected Socialist geovernment. 

State financial reserves ended in December. 

Money saved by the government of Paulo Portas and Passos Coelho 

was used before the end of the year.

The famous financial "cushion", 

a provisional reserve fund, created to cover unexpected expenditure, 

of the Portuguese State no longer exists. 

Left by the PSD/CDS government, to the Socialist government 

as a legacy of the previous coalition legislatures, 

the reserve fund,  

was fully spent in December.

ONE MONTH WAS ENOUGH!!

The Economic Daily quoted a report of the Technical Unit of budget support, 

which reveals the new budget reality: 

"Through the provisional data of December 

it turns out that the remainder of the reserve fund 

has been fully redeployed." (meaning has been fully spent).

"With these measures, approved in the first 20 days of governance, 

we try to stop the path of impoverishment and social regression 

that the austerity policies, imposed on the Portuguese in recent years, 

and assert a new vision for the country, 

a vision based on a stronger, sustainable economy", António Costa says. 

The chief executive of the socialist party, 

also says that Portugal needs "strong companies, 

which are healthy and competitive" for revitalizing the economy, 

emphasizing measures 

such as "the payment of one hundred million euros of EU funds, 

in the first hundred days in office." 

On the financial system, 

and without referring to recent developments regarding the Banif bank, 

Costa refers to "the importance of stabilizing the financial system, 

which, with some avoidable drama, 

had to be addressed and be consolidated".

What Costa and Centeno and the other socialist-marxist-leninist in Costa's

negative coalition don´t say is:
WHERE WILL THE MONEY COME FROM?

Have they discovered oil or gold or diamonds in Portugal?

Portugal has had strict austerity measures,

imposed on the country by the "troika",

the IMF; the CEB, and the EU, 

because the socialist government of José Sócrates, 

brought the country to its knees, 

with a shameful bankrupcy, 

without international credibility or credit.

António Costa, has so far, 

reverted ALL the austerity measures 

imposed by the troika, 

on a "turning of the page" ideology.

School exams have been abolished, 

school teachers who failed a simple admission exam, 

will be allowed to teach,

all public holidays are being restored, 

public servants´salaries are being restored, to the full, 

not taking into consideration whether productivity increases or not.

The sale of TAP Costa promised to revert back to the State, 

where it was debt-ridden with millions and millions. 

If successful, the tax-payers will be called on to keep paying 

to keep the planes flying.

Costa has nationalized part of a private bank 

and on the insistance of the radical communists,

may do so with more private banks.

The sale of urban transport systems to private entities, 

have been blocked and reverted, 

so that the communist trade unions can continue to paralyse the country, 

with national strikes, making the commuters´ lives hell, 

especially on rainy days, 

and always after they have bought their seasonal tickets for the month.

It's easy to rule with other people´s money.

Soon we´ll have the "troika" back in Portugal, 

and the country will be on a fast-lane of over-taking Greece in its misery!!