Public sector budget deficit in 2019 was €599M

in News · 31-01-2020 01:00:00 · 0 Comments

Portugal’s public sector budget deficit last year was €599 million, announced the Ministry of Finance, saying that the figure was €1.643 billion smaller than the deficit for 2018.

The budgetary implementation in public accounting [terms] of the public administrations in 2019 recorded a deficit of EUR 599 million, reflecting an improvement of EUR 1.643 million compared to 2018, as a result of growth in revenue of 4.3 percent and [in] expenditure of 2.3 percent,” the ministry said in a statement.
It noted that this “budgetary execution makes it possible to meet the budget objective for 2019” set for itself by the Socialist government.

The deficit figure is released in advance of the publication of the more detailed Budget Implementation Summary by the ministry’s Directorate-General for Budget (DGO).



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