The European Commission has warned the Portuguese government that its spending plans for the State Budget are too excessive and put at risk the country’s ability to balance its books. The EC has [...]
Tax revenues in Portugal fell by almost €100 million in the first five months of the year. Taxes collected to May fell by €98.3 million like-for-like on 2023, resulting in a fall in direct taxes [...]
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 [...]
The Portuguese government will have to pay €228 million to compensate investments made by energy giant EDP over a dam project that was cancelled. And worse is that the cancellation made by the [...]
Public administration spending on Public-Private Partnership (PPP) contracts fell 7.4% to €1.2Bn in 2023, or 1.5% (€18.8 million) below the estimated amount in the outline State Budget 2023 [...]
Portugal’s Council for Public Finances – an independent public spending watchdog – has predicted that Portugal’s economy will grow 1.6% this year. The CFP’s forecast is below the 2% [...]
The ratings agency Fitch has maintained Portugal’s sovereign debt rating at BBB+ with a stable outlook. It is the third ratings agency to keep Portugal’s rating unaltered this year. In a [...]
Portugal’s Minister of Finance may have a major headache on his hands over controversies at Lisbon City Council and over airline TAP, but Fernando Medina does have reasons to be cheerful when it [...]
Both national and international institutions have identified risks for the Portuguese ministry of Finance in meeting the State Budget for 2023 and of the macroeconomic backdrop that is subjacent [...]
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 [...]
