Budget Deficit

The Organisation for Economic Cooperation and Development (OECD) has forecast that Portugal will end 2026 on an even keel with neither a budget deficit in the red nor the black. However, [...]

Paying off Portugal’s national health service (SNS) debts and storm damage compensation has put Portugal’s public spending accounts back in the red it was revealed over the weekend. It has been [...]

Text: Chris Graeme Photo: Fernando Bento (ICPT) Low productivity is one of the main stumbling blocks to economic growth in Portugal according to Portugal’s Minister of Finances, Joaquim Miranda [...]

The US ratings agency Standard & Poor’s (S&P) said this week that early elections will have no impact on the rest of Portugal’s macroeconomic situation, stressing that its [...]

The Bank of Portugal’s warning that government spending plans could derail the country’s public finances seems to be correct if figures for Q1 public spending are anything to go by. Portugal [...]

The Bank of Portugal is more optimistic than the government over the budget deficit for 2023, predicting an overspend of 0.1% and a surplus of 0.2% next year. According to its monthly bulletin [...]

If a recession grips Europe and the economy deteriorates, the Portuguese government will increase the budget deficit according to the Minister of Finances, Fernando Medina on Friday. The minister [...]

The Portuguese State registered a surplus of €5.2Bn in its public accounts to September, 2022. The information, which was released by the Ministry of Finances, was an improvement of €9.9Bn on the [...]

Government measures currently being employed to offset the effects of Covid-19, and the inflationary effects of the war in Ukraine, have added an extra €1.4Bn onto the total public budget deficit [...]

The Portuguese Minister of Finance says that the Government started 2022 with a budget surplus of €1.8Bn euros in the public accounts. In January Portugal’s public administration finances enjoyed [...]