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"If there is a necessity, the government would not hesitate in requesting a revision of the goals and that may have to happen according to the macr-oeconomic outlook", Passos Coelho said.
Portugal is stuck in its longest recession since the 1970s and entered a third year of downturn in 2013. The economy is expected to contract 2.3 per cent this year after a 3.2 per cent slump last year. The country's lenders already agreed to ease deficit goals in March. It now has to reduce the budget deficit to 5.5 per cent of gross domestic product this year from last year's 6.4 per cent and then to 4 per cent in 2014.