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LISBON Dion Dawkins Elite Jersey , March 24 (Xinhua) -- Portugal's budget deficit last year was higher than expected due to the 2.8-billion-euro rescue of Banco International do Funchal (Banif), figures released on Thursday by the National Institute of Statistics (NIE) showed.


Portugal's budget deficit in 2015 was 4.4 percent of Gross Domestic Product (GDP), according to the statistics body.


However, the country's deficit would have been 3 percent last year if it hadn't been for the bank rescue, closer to its 2.7 percent target. The European Union (EU) considers any deficit over 3 percent to be excessive.


Debt-laden Portugal agreed to rescue Banif last year Zay Jones Elite Jersey , following a state rescue of Banco Espirito Santo, the country's largest listed bank, the previous year.


Portugal has been striving to reduce its deficit faced with mounting pressure by the EU, while the leftist government tries to roll back austerity imposed under a 78-billion-euro bailout program the country ended in 2014, when the country's economy returned to growth.


Portugal's deficit target for 2016 is 2.2 percent of GDP. Enditem

The need for scholarships is ever increasing among the students in India. As the craze for higher education and get a foreign degree is becoming popular year by year Tre'Davious White Elite Jersey , students applying for scholarships are also increasing. Here is a list of the different types of scholarships that the meritorious students of India can apply for and broaden their horizon of knowledge.


Need-based scholarship


A need-based scholarship is designed to help the economically backward students. Students whose parents are not capable to support them financially take help of the need-based scholarships in order to pursue their academic dreams. A need-based scholarship is granted after considering certain factors like financial status of the family, cost of living, or the number of children pursuing education in schools. Need-based scholarships can also be given out as scholarships for studying abroad.


Merit scholarships to students with different talents


As the name suggests, a merit scholarship is a scholarship, where the student needs to showcase a consistent excellence in a specific area Kyle Williams Elite Jersey , be it education or extra-curricular scholarships are made available in full or partial tuition. These are not limited to educational grades, and acknowledge different other talents regarding extra-curricular activities. Such scholarships also offered for ethnic backgrounds or for gender such as scholarships for women or as scholarships for studying abroad.


Need-based scholarships are independent of merit scholarship seven if they are scholarships for Indian students to study abroad, but you may qualify for both depending on the program.


School-based individual scholarships


Educational institutions often come up with various financial aids for their cr猫me students. It is mostly in form of individual scholarships and is most often related to a specific program, such as engineering or medical or management scholarships. They may also be issued for academic merit or financial need. School-based scholarships are also given as sports scholarships for certain athletic teams.


Individual scholarships may come directly from the school, or from a private donor who is affiliated with the university. School-based scholarships might also be given as scholarships for Indian students to study abroad.


Athletic or Sports scholarships


Sports or Athletic scholarships are given to top-notch athletes by universities to recruit them in sports teams. These types of scholarships usually are full-ride scholarships. Many athletes compete for these athletic scholarships LeSean McCoy Elite Jersey , but they also come with a price. While benefiting from a free education, athletes pay with their rigorous training while balancing their studies. Usually athletes are selected for these scholarships by scouts while in high-school.




Author Bio :- Dr. Amit Dhakar, Ph.D. in education, is an expert in the education sector. In spite of the busy schedule, he understands the lack of awareness among students seeking to study abroad. So Tremaine Edmunds Elite Jersey , in his free time, he offers useful literature such as how to find scholarships to study abroad, eligibility criteria for overseas education, and more

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