INE to reassess classification of Novobanco dividends and gives a boost to the 2025 surplus
The National Institute of Statistics (INE) will reassess in March the classification of Novobanco's dividends, potentially allowing that income to be recognised in last year’s national accounts. If reclassified to count towards the previous budget balance, the adjustment could provide an extra boost to help the Portuguese Government meet or exceed its 0.3% surplus target for 2025. The move would alter headline fiscal metrics, affect timing of revenue recognition in national accounts, and carry implications for public finance reporting, investor perceptions and future treatment of similar banking transactions.
Portugal with a budget surplus of 2.1%
Home News Portugal with a budget surplus of 2. 1% Portugal with a budget surplus of 2. 1% The Public Administration (PA) sector recorded a surplus of 2.
Oitante (formerly BANIF) repays part of public aid to the Resolution Fund but still has 64% outstanding
Oitante, the bank formerly known as BANIF, has repaid part of the public financial assistance to the Resolution Fund but still has 64% of the support outstanding.
State financing needs are €13 billion in 2026
The net financing needs of the State in 2026 are around €13 billion, according to the Financing Programme of the Portuguese Republic released today.
State surplus rises by €830 million by October, and there will be a "surprise" at the end of the year, say analysts
The state's accounts up to October, showing a surplus significantly higher than last year at the same time, strengthen public finance analysts' belief that Miranda Sarmento will have more leeway than the 0.3% estimated in the Budget.