Public Sector

How will the Portuguese State be financed in 2019?

The gross funding required by the State every year includes, in a simplified manner, the amount of the general government deficit (the difference between revenues and expenditure) and the debt that is due to reach maturity each year. 1 Since 2015, the first full year following the end of Portugal’s financial assistance programme, the State has been steadily decreasing its gross funding needs. It has achieved this through an effort to consolidate its budgets, which is evident in the reduction of the deficit, and through actively managing the maturity dates...

Monthly Report - Focus