Portugal cuts its fiscal deficit while raising pensions and wages por josé simões, em 29.03.17 His administration restored state pensions, public-sector wages and working hours to pre-bail-out levels, and also brought the deficit to well below the 2.5% target set by the European Union. It is the first time that Portugal has complied with the euro zone’s fiscal rules. Tags:geringonçaportugalthe economist link do post favorito