Public Spending

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 [...]

Last week, addressing a group of hoteliers and hospitality sector leaders at a the annual AHRESP Congress (Associação da Hotelaria, Restauração e Similares de Portugal) a secretary of State [...]

The Portuguese government has been under fire from opposition parties for working on continuing to reduce the public deficit in 2022 when companies and families are having to face the knock-on [...]

The president of the Portuguese Industrial Confederation (CIP), António Saraiva, says that an agreement on competitiveness and incomes is urgent and should be agreed by June. “In my view it is [...]

The Portuguese government entity which monitors public sector spending, the Tribunal de Contas, has issued a warning about “the high level of Portugal’s public debt”. The TdC says that it is [...]

The President of the Council for Public Finances, Nazaré da Costa Cabral has issued a warning that the state of Portugal’s public finances are “not comfortable”. Referring specifically to [...]

In just six years of Portugal’s socialist PS government, the amount of people employed by the State has ballooned to a new all-time high. According to Expresso’s ‘Economia’ the country has [...]