State budget records 1.5 billion euro deficit by April

Portugal's public accounts shifted from a surplus in March to a deficit of 1.548 billion euros by the end of April. According to data from the Budgetary Entity, this negative balance represents a significant decline compared to the same period last year, driven by reduced revenue in central and regional administrations. While tax revenue saw a modest 1.2% increase, overall public expenditure grew by 6.9%.