Public deficit and Budget deficit

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 newly re-elected Democratic Alliance (AD) government headed by Luís Montenegro is to shave €500 million off income tax this year while slashing IRC taxes gradually from 21% (20% in Madeira) [...]

Mário Centeno, perhaps the best Governor of the Bank of Portugal the country has seen in 25 years, warned that continued uncertainty over tariffs could undermine growth in the Portuguese economy [...]

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 [...]

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 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 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. [...]

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 [...]

The government net surplus achieved by the outgoing minister of Finance, Fernando Medina in 2023 was 1.2% of GDP according to the National Statistics Institute. (INE) Portugal’s public debt has [...]