Portugal has budget woes, not crisis - c bank

PORTUGAL - Portugal's Central Bank Governor Vitor Constancio said on Monday the country was facing budget problems as its deficit widened but not an economic crisis.

He told reporters after discussing the economy with President Jorge Sampaio that it was up to the new centre-right government to find a solution to Portugal's budget woes.

The Finance Ministry said last week that the 2001 budget shortfall was estimated at 2.4 percent of gross domestic product. The previous estimate of 2.2 percent

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