Portugal is committed to a "very ambitious and comprehensive program of fiscal adjustment and structural reforms," Finance Minister Fernando Teixeira Dos Santos told CNBC Monday.
That commitment will continue no matter which party wins control of the government after a June 5 general election, he said.
"Coming off the election of June 5 we’ll have a strong government to implement the program agreed upon," he said. "The major parties are supporting this program. They are committed to the program and they will have to implement it."
Portugal received a $36.8 billion loan from the International Monetary Fund Friday as part of a joint bailout with the European Union. It will be subject to periodic review, he said. That "will be enough for the government, whatever the government will be, to implement the program [and] to implement the measures that are foreseen in that program."
Portugal, the minister said, is ready to liberalize its economy through privatization.