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 [...]
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 [...]
Portugal’s finance ministry is confident that Portugal’s public finances are on the right track. With just two weeks to go before the end of the year, the Finance minister, João Leão, said that [...]
The ex-president of the Council of Public Finances believes that the rejection by parliament of the State Budget 2022 provides an “opportunity” for the country to embark on a policy of [...]
Portugal has consistently increased taxes in order to fill a black hole in the country’s public finances according to a London School of Economics economist. To sort the problem out, Portugal’s [...]