Public Sector

A favourable context facilitates the surplus of the Portuguese public accounts

• The Portuguese public accounts performed better than expected in 2019 and are looking healthy for 2020, a year in which the government hopes to achieve a slight surplus. • Although our forecasts are somewhat less optimistic than the government’s, the government balance is expected to continue to improve thanks to revenues growing more than expenditure, with tax and contributory revenues offsetting the increase in staff costs and social benefits. • All in all, public debt is still high and is expected to remain above 115% of GDP in 2020...

Monthly Report - FocusVânia Duarte