Public deficit and Budget deficit

Portugal’s Finance minister, Fernando Medina is to mount a special operation to bring Portugal’s public debt down to 100% of GDP before the elections. The health sector is one of the areas [...]

Portugal’s public debt fell for the second consecutive month in September to €279.0Bn according to data from the Bank of Portugal, to a ratio of debt to GDP of 107.5%. The reduction in debt in [...]

Socialist parties are usually known for taxing taxpayers to the hilt, but not in the case of Portugal’s governing PS socialist party which has pledged to make a major tax giveaway; perhaps the [...]

Portugal’s public deficit shrank to 0.4% in 2022 – further than the Government’s estimate of 1.5% for the year. In 2021 the deficit had improved with a reduction of 2.9%. It means that from [...]