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The Minister of Defence appeared before Parliament to answer questions from deputies but kept the details secret, stating he would only reveal the specifics of the €5.8 billion investment in military equipment after the contracts are signed, likely by the end of April. For the first time, he disclosed the total costs including interest.
Guilherme d'Oliveira Martins says that “with the reform, we cannot throw the baby out with the bathwater.”
Nazaré da Costa Cabral, nearing the end of her non-renewable seven-year term at the head of the Public Finance Council (CFP), acknowledges the work the country has done in reducing the public debt ratio but calls for more transparency in information to prevent hidden problems from arising in the future. Speaking at the conference...
The cost of Portugal's public debt (the interest rate in secondary markets) has remained stable and even slightly decreased since the onset of storms that have hit the country since January 28, despite significant economic and social destruction, particularly in the Central region. However, such events, along with wildfires, are expected to increase the long-term costs associated with debt, especially in more indebted countries like Portugal, complicating public finance management and necessary budget consolidation, warns a study from the European Central Bank (ECB) authored by five economists. The study highlights that climate-related disasters can raise debt costs and that climate change poses risks to public finances through various channels, including increased public spending for adaptation and mitigation measures. The authors also note that the cost of emergency assistance and post-disaster reconstruction can have a direct budgetary impact, while indirect effects may include reduced tax revenue due to production disruptions and additional spending on food and energy support programs due to changes in raw material prices. The study concludes that these mechanisms can interact with sovereign debt dynamics in complex ways, and even advanced economies are not immune to the effects of climate shocks. The report was published on the eve of the Portuguese government's approval of the general lines of the “PTRR - Portugal Transformation, Recovery and Resilience” plan in the Council of Ministers.
Social Security recorded a surplus of €6,732.3 million in 2025, above the €5,536.3 million registered in the previous year, according to the budget execution summary published today by the Budgetary Entity.
The Court of Auditors (TdC) detected errors totalling tens of millions of euros, failures in internal controls and problems in the financial management of the Assembly of the Republic in the 2024 accounts, despite issuing an overall favourable opinion, according to the report published on Friday. According to the opinion, the Assembly's financial and budgetary statements ...
Portugal's tax authority sought €62 million in IMI (municipal property tax) from dam concessionaires, yet the companies have paid just 3% of the claimed amount.
The Tax Authority has sought €62 million in IMI from dam concessionaires but has recovered only 3%, with the remaining cases being contested in court.
Presidency of the Republic, government leadership, the IMF, reappointment at the Bank of Portugal and now the ECB: Centeno — the Ronaldo of finance who led the Eurogroup — lost the vice-presidency to Croatia.
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.
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, 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.
The net financing needs of the State in 2026 are around €13 billion, according to the Financing Programme of the Portuguese Republic released today.
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.