Latest news and stories about public finances in Portugal for expats and residents.
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The party president claimed there was a “hidden agreement”.
“Our priority is clear: to ensure that no one is left behind,” explained the Mayor of Marinha Grande. He also stressed “the gravity of the situation and the urgent need for a response.”
This article from Coface provides an economic risk analysis of Portugal. Key takeaways include: * Economy: Portugal's GDP per capita is $27,834.8. The country is expected to have solid economic growth in 2025, driven by investment and domestic demand, despite a slowdown in tourism. * Strengths: Potential for renewable energy, above-average absorption of European funds, low labor costs, and a buoyant tourism industry. * Weaknesses: Underdeveloped manufacturing sector, cumbersome legal system, and widening infrastructure gap. * Trade: Portugal's main export partners are Spain, France, Germany, the United States, and the United Kingdom. Its main import partners are Spain, Germany, France, the Netherlands, and Italy. * Public Finances: Public finances improved in 2022 and 2023 but are expected to deteriorate slightly in 2025. * Political Instability: The current fragmented parliament may lead to political instability. * Payment & Collection practices: The article also details payment methods (cheques, bills of exchange, electronic transfers) and debt collection procedures, including amicable and legal proceedings. * Insolvency proceedings: Includes information on out-of-court, restructuring, and bankruptcy proceedings. * Similar Country Risk: Portugal has a similar country risk to Spain, Singapore, South Korea, Taiwan, Canada, Japan, Belgium, Netherlands, the United States, and Australia.
The Government closed the year 2025 with a surplus of almost €1.3 billion, more precisely €1,297.7 million, in public accounting (cash basis), “which represents an improvement of €885.5 million compared with the previous year, justified by an increase in revenue (7.7%) higher than that of expenditure (7%)”, ...
In total, there are 854 vacant units under the supervision of the Institute for Financial Management of Social Security (IGFSS). Public entities occupying its buildings have accumulated more than €33 million in rent arrears.
The Court of Auditors has indicated that Portugal needs to make significant progress in enhancing its public financial management.
