Court of Auditors rejects 2025 General State Account
For the third consecutive year, the Court of Auditors (Tribunal de Contas or TdC) has rejected the General State Account (Conta Geral do Estado or CGE). Auditors cited significant omissions regarding the consolidated financial statements of the Central Administration and Social Security, preventing a complete view of the state's financial health. The court also warned that tax expenditure has risen significantly, with over 100 tax benefits lacking proper quantification or control.
The TdC (Tribunal de Contas) is the Court of Auditors, an independent body responsible for overseeing public spending and ensuring the legality of state financial management. It performs prior audits on high-value public contracts to prevent misuse of funds before they are finalized.
The General State Account (Conta Geral do Estado or CGE) is the primary financial document detailing the annual revenue and expenditure of the Portuguese public administration. Its rejection by the Court of Auditors (Tribunal de Contas or TdC) indicates that the government failed to meet the strict requirements of the Budgetary Framework Law, highlighting ongoing issues with fiscal transparency and reporting standards.
