Medina sees “no reason for fear” and expects AD to maintain stable finances

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Finance Minister Fernando Medina said today that he sees “no reason for fear” on the part of financial rating agencies about the country’s financial stability, hoping that the Democratic Alliance (AD) will maintain its “commitment” to stable finances.

“What always seems decisive to me is the political will that exists in our country. The coalition […] that won the elections yesterday [Sunday] has inscribed in its program and as a fundamental objective the maintenance of the credibility of public finances and the international credibility of the Portuguese State and there is no reason why this commitment should not be taken seriously, in Portugal and abroad by the rating agencies,” said Fernando Medina.

Speaking to the Portuguese press in Brussels, a day after the parliamentary elections in Portugal that gave victory to AD, the former Prime Minister stressed that “what is important to ensure” is the “continuity of stability policies in terms of political finances and the continued reduction of public debt”.

“The commitment of the party that won these elections is” regarding “the consolidation of public finances and I am confident that they will not deviate from this commitment, so I see no reason for any fear on the part of DBRS or any other agency regarding what will be the future of our country’s governance,” said Fernando Medina.

Just today, the financial rating agency DBRS warned of the risk that a deadlocked parliament in Portugal and an unstable government could hinder the implementation of the PRR, and did not rule out new early elections.

In a commentary to which Lusa has had access, the financial rating agency points out that the election results of Sunday’s legislative elections suggest a complicated scenario for the governability and stability of the next government, since the center-right parties won the elections by a small margin.

The Democratic Alliance (AD) won Sunday’s legislative elections with 29.49% of the vote and 79 deputies, compared to the 28.66% and 77 deputies won by the PS, when the four seats in the emigration constituency are still to be allocated.

Chega quadrupled its number of deputies to 48, with 18.06% of the vote.

The IL won eight seats (5.08%), the BE kept its five seats (4.46%), and the CDU reduced its number of seats compared to 2022 to four (3.3%).

Livre will form a parliamentary group for the first time, having managed to reach four deputies (3.26%), while PAN remains with one deputy (1.93%).

President of the Republic hears parties and coalitions between Tuesday and the 20th

Democratic Alliance wins legislative elections with 29.49%

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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