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Ponta Delgada ,  October 08, 2008

Vice president of the Government

Public Investment increased 17,4 percent

The investment of the Regional Administration executed in the first nine months of this year surpassed, in 17,4 percent, the achieved one in the homologous period of 2007, registering a nominal increase of 36,4 million euros.

For the vice president of the Government these values are behind the “foresights and the expectations assumed by the Government in the Budget of the Region” and show that it was possible “to consolidate the growth of the public investment”.

“The results achieved are due to the continuity of a policy of stability and budgetary balance established, essentially, in the restriction and rigidity in the execution of the current expense and valorisation of the public investment”, it underlined Sérgio Ávila.

In agreement with the governor, the performance of the Regional Administration in this power was characterized, in the last years, by the “full fulfilment of the objectives defined for the regional public finances, namely as for the significant increase of the public investment”.

The full execution of the Law of Regional Finances and the growth of the Azorean economy, conjugated with an increase of the execution of the Community funds are others of the reasons pointed to explain the consolidation and capacity of full execution of the Plan of Investments of 2008.

The budgetary execution of the first nine months of the year demonstrates “the rigidity and the credibility of the Budget and Plan of Investment for 2008 presented by the Executive and reinforces the consolidation of the regional public finances and their contribute to keep on guaranteeing a climate of security, stability and confidence to the enterprises and Azorean families”, considered Sérgio Ávila.

The vice president of the Government, still, confirmed that by the end of the current year it will be possible to reduce in more than 15 million euros the volume of the responsibilities guaranteed by the Region, “which demonstrates the sustainability of the regional public business sector and its financial consolidation”.

As the available data demonstrate, “the good financial health of the Region, the budgetary stability and the full balance of the regional public accounts are objectives that have been coming to be accomplished” is a reality, being the public investment and the respective increase like “an incentive to the growth of the private investment which impact at the level of the production and profit of the Azoreans is more and more positive”, he added.


Official government press-releases presented in all foreign languages interfaces of the Azorean Government Portal (Portal do Governo dos Açores) are a sub-set of the government's official press-releases daily output and are chosen for translation and publication on the foreign language interfaces based on audience segmentation criteria. The entire collection of the Azorean government press-releases is available in portuguese, here, from the GACS Press Office site.

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