Public Finances

The Portuguese State’s current account public spending has not been as high as it is now since 1992. This is despite various governments having succeeded in reducing Portugal’s overall [...]

Portugal was the Eurozone country with the lowest deficit in the first quarter, with only five states registering a budget surplus, according to data published this Monday by Eurostat. Data from [...]

The Institute of Public Policy, a think tank from Lisbon-based economics and business management university ISEG that studies State Budget proposals, is to relaunch Budget Watch. According to [...]

Portugal’s Prime Minister, Luís Montenegro, has brushed off warnings from its central bank governor that the government’s ambitious wage hikes and tax cuts could put the country back in the red. [...]

The Bank of Portugal warned today that government measures approved over the last few weeks, and others currently under discussion in parliament, could put Portugal’s public finances back in the [...]

Portugal’s current minister of Finances, Joaquim Miranda Sarmento, is in a lock-of-horns with former PS Socialist Party minister of Finances, Fernando Medina, over the state of Portugal’s public [...]

Just over 10 years ago Portugal’s credit ratings from the major ratings agencies stood at ‘junk’ status (non-investment) or high-risk investment grades. Stories abounded of angry Portuguese [...]

Portugal’s public spending watchdog Tribunal de Contas believes that the privatisation of the public company that manages Portugal’s airports, ANA – Aeroportos de Portugal, was sold below [...]

Portugal’s public administration sector managed a 1.1% surplus in the first half of the year according to data from the national statistics institute (INE). The positive balance was €689 million, [...]

Retaining current levels of public service spending in Portugal will require citizens in the long term to pay 25% more taxes and retire later. This is because people are living longer according [...]