Let companies work!

The results of the legislative elections have sparked a heated debate in public opinion. This is understandable, given that in this political game, government stability is not guaranteed from the outset. However, the country needs this stability, which ensures predictability for economic agents, particularly companies.

A clear signal given by voters is the focus on wealth creation, the important role of private enterprise in enabling the country to grow in a more robust and sustainable manner. It could not be otherwise, given that it is only possible to distribute, guaranteeing social benefits and quality public services to citizens, if there is, first, wealth creation.

Companies play a fundamental role, they are the ones who invest the most – responsible for around two thirds of the economy's global investment – ​​and for a very significant proportion of employment.

The volatile and uncertain context we are facing is extremely demanding and requires public policies aimed at improving the productivity and competitiveness of the Portuguese economy, including the implementation of measures that lead to increasing the weight of investment and exports in GDP, the reindustrialization of the country (in line with the European reindustrialization strategy, as Draghi rightly advocates in his famous report), the attraction and retention of talent (absolutely critical given the enormous demographic challenge), the qualification and requalification of people, attractive taxation (on income from work and companies), the promotion of the business dimension (fundamental in market diversification), the rapid implementation of European funds and a general framework of simplification and debureaucratization, with emphasis on the areas of the State's relationship with companies, namely by simplifying administrative procedures, speeding up approvals and eliminating obstacles that continue to greatly hinder the daily activities of companies.

Bureaucracy is a very heavy hidden tax. It needs to be eliminated or substantially reduced, something that can be done without great costs to the State coffers, but with a high impact on productivity and, therefore, on potential GDP.

It is a path to reinforce wealth creation in Portugal, the focus that voters decisively chose in the last legislative elections.

Let companies work!