The Stability Programme 2019-2023 foresees an improvement in the trajectory of the budget balance, that should reach a surplus from 2020 onwards. However, compared to the SP/2018, the trajectory of the general budget balance was revised downwards.
The projections are based on the information available at the time, the current international economic outlook and the policy measures adopted or sufficiently specified.
The Portuguese Public Finance Council (CFP) is an independent administrative entity. Its mission is to undertake an independent assessment of the consistency, compliance and sustainability of fiscal policy. Such assessment should help to enhance, through increased transparency, the quality of democracy and economic policy decision-making and to reinforce the financial credibility of the Republic.Read More