I. Economic Expansion: Trends and Prospects
-Overview
-Economic Activity Remained Buoyant in 2000
-Growth Was Rich in Jobs and the Unemployment Rate Fell to a Historic Low
-The Revival of Underlying Inflation Has Been Significant
-The External Position Has Worsened
-Forces at Work and Short-Term Outlook
II. Issues in Fiscal Policy
-Introduction
-Budgetary Developments in 1999-2001
-Medium-Term Budgetary Strategy
-Sources of Spending Pressures in the Medium Term
-Assessment
III. Reforming the Tax System
-Forces Shaping the System
-Main Features of the System
-Economic and Administrative Issues
-Assessment and Agenda for Reform
IV. Structural Reform for Sustaining High Growth
-Portugal's Longer-Term Performance
-Human Capital and Labour-Market Policies
-Improving the Infrastructure and the Climate for Entrepreneurship
-Increasing Product-Market Competition
-Enhancing the Efficiency of the Financial Sector
-Summing Up
Annex I. Background Information to Chapter I
Annex II. Main Features of the Portuguese Tax System 2000
Annex III. Tax Incentives for Corporate Income Tax Purposes
Annex IV. Calendar of Economic Events