Portugal 2010 deficit revised higher

The woman goes near the empty beach resort of Figueira da Foz on April 7, 2011.

Credit: Reuters/Jose Manuel Ribeiro

Lisbon | Sunday, April 24, 2011 48 Moon

Lisbon (Reuters)-Portugal's deficit for 2010 has been updated to 9.1% higher GDP, increasing pressure on the Government treats as he negotiates the terms of the hahlcot crisis might reach 80 billion.

The Statistics Office INE said in the statement late Saturday was revised higher deficit due to the inclusion of three public-private partnerships for the accounts of the State.

Portugal this month became the third country to the euro crisis, look for hahlcot after Greece and Ireland, as the country's borrowing costs became too expensive after the Government collapsed.

INE said the changes he defeats because of revisions carried out of the public accounts of the Portugal together with the European statistics agency Eurostat. What was accelerated because of a request for hahlcot crisis, INE said.

"Following the request for foreign assistance by Portugal, it was necessary to speed up the calendar (releases) to assemble the latest data for 2010 that will serve as the starting point in the negotiations," he said.

Representatives of the European Commission, IMF, the European Central Bank at the moment to go through the public accounts Lisbon of Portugal. The Government of Portugal treats and loan terms have hoped final by mid-May.

Editing 2010 deficit was of Portugal by INE at 5.3 percent of GDP, above the Government target of 7.3 percent. He announced this result at the end of March, after revisions by Eurostat began of public accounts.

Version meant Portugal's ratio of debt-GDP also rose overall in 2010, 93 percent from the previous estimate of 92.4 percent, INE said.

A higher budget deficit last year, Portugal will be difficult to reach the goal for this year's deficit of 2.9 percent of GDP.

(Reporting by Axel Bugge; editing by David Cowell)

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