Public Spending

Portugal’s Minister for State Reform, Gonçalo Matias, has backed changes in the law regarding the country’s public spending watchdog the Court of Auditors (Tribunal de Contas) and the Public [...]

The International Monetary Fund (IMF) has ruled out the risk of Portugal clocking up a deficit in its public spending accounts this year and next, but has warned that the country runs the risk of [...]

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, [...]

Portugal’s Finances ministry is tightening up the rules for the State Budget this year by beefing up control over public spending to ward off the risk of going into the red. A new decree-law [...]

Portugal’s 2025 public accounts surplus is out. It has been set at 0.7% of GDP, an upward revision compared to the 0.3% of GDP estimated by the Ministry of Finance in the 2026 State Budget [...]

Portugal’s government has decided to withdraw Recovery and Resilience Fund financing from the Lisbon Metro Red Line extension plan and the new East Lisbon Hospital Oriental project [...]

Portugal’s public spending watchdog, the Council for Public Finances (CFP) has warned that calculations for the country’s budget surplus don’t add up and has called on the government to show more [...]

The government estimates that it can save €1.2Bn of waste by identifying inefficient and ineffective expenditure and looking at ways of making savings in the areas of public administration, heath [...]

The European Council has given the green light for Portugal’s Medium-Term Budget Plan that had been delivered in October last year. The plan was drawn up by the current government led by Luís [...]

Portugal is one of only three countries in the Euro Zone expecting surpluses at the end of this year according to Brussels. However, when it comes to growth, it is further down the ranking and [...]