Portugal meets 2013 budget deficit target

In yet another sign that Portugal is turning the corner on its debt crisis, Reuters news agency reports today that Portugal has met its 2013 budget deficit goal.
In a statement, the finance ministry said its public administration posted a budget deficit of 7.152 billion for last year, beating the target set out by the bailout by 1.749 billion.
It did not provide a figure for the budget deficit in terms of percent of gross domestic product, but the news is nonetheless seen as very positive.