Public Spending

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 [...]

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 [...]

Improved public accounts in the last few years have put Portugal in a comfortable position despite political instability, say leading financial ratings agencies. Both Fitch and DBRS have [...]

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 [...]