Public Finances

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 [...]

Italian professor and economist Lorenzo Forni was appointed this Thursday as vice-president of the Public Finance Council, according to the resolution of the Council of Ministers. Lorenzo Forni [...]

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 [...]

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 [...]