“Considering the quarterly values and not the year ending in the quarter, the balance of AP [Public Administrations] in the second quarter of 2023 was positive at 689.0 million euros, corresponding to 1.0% of GDP, which compares with 1 .4% in the same period last year”, says the INE in the Quarterly National Accounts by Institutional Sector.

Compared to the same period of the previous year, there was an increase of 7.8% in revenue and 8.9% in expenditure, details the statistical institute.

In the first three months of the year, Portugal recorded a budget surplus of 1.2% of GDP.

For the entirety of this year, the Government maintains its forecast of a deficit of 0.4%, in line with 2022 and below the 0.9% recorded in the State Budget for 2023, as announced in April by the Minister of Finance in the presentation of the Stability Program (PE).