Exports of Portuguese olive oil increased 36% in volume and 57% in value between January and October 2022. However, internal sales fell 14%on 2021 according to data provided by the Casa do [...]

Portugal’s public deficit continued to fall in 2021 compared to the same period in 2020. Public administration recorded a deficit of €6.652Bn to November 2021. This was an improvement of €2.2Bn [...]

The total debt burden per citizen/municipality in Portugal stood at €624 or 55.2% of total income in 2020 according to an index. 20 Portuguese municipal councils exceeded the limit of total debt [...]

The Bank of Portugal has finally given the green light to the appointment of the administrative board for Portugal’s new development bank Banco Português de Fomento. However, another [...]

Lisbon City Council ended 2020 with debts totalling €676 million, €52 million less than in 2019. “The Lisbon municipality is well prepared to confront the demanding post-pandemic times ahead, as [...]

Portugal’s public administration finances recorded a deficit of €1.153Bn to February 2021, a period marked by more restrictive measures to control the pandemic. This deficit compares to a surplus [...]

The Portuguese government has decided to extend the number of tax payers whose income tax statements are now pre-completed by automatic assessment. After the rollout was put on ice in 2020 [...]

The Portuguese Government’s tax revenues for 2020 fell to their lowest levels since 2012. Portugal’s Council of Public Finances (CFP) analysed the nation’s public accounts between January and [...]

Portugal’s public finances were €4.2Bn worse off from March to November according to calculations by the Parliamentary Budget Support Unit UTAO. The Covid-19 pandemic has required the State to [...]

Portugal took the helm of the European Union’s rotating six months presidency on 1 Jan for the fourth time since it joined the European Union in 1986. It laid out its priorities for the [...]