CFP - Portuguese Public Finance Council

Analysis of the Draft State Budget for 2027

Macroeconomic forecasts underlying the 2027 Draft State Budget

Economic and Fiscal Outlook 2026-2030 (update)

Local Government Budget Outturn 2025

NHS performance in 2025

The Portuguese Public Finance Council (CFP) is the Independent Fiscal Institution (IFI) that oversees the compliance with fiscal rules and the sustainability of public finances in Portugal.

CFP takes part in an exchange on Green Budgeting governance

The Portuguese Public Finance Council joined a technical exchange as part of the project Implementing Effective Green Budgeting Practices in Portugal (TSI 25PT23), coordinated by GPEARI, on 21 October in Lisbon.

Noémia Goulart discusses the impact of climate and natural risks on public finances

Noémia Goulart, a member of the Senior Board of the Portuguese Public Finance Council (CFP), spoke at the conference ‘The new financial risks: climate, nature and social issues’, organised by SystemicSphere on 14 October in Lisbon.

Macroeconomic Forecasts

The Portuguese Public Finance Council provides a comparative table on the latest macroeconomic projection exercises for the Portuguese economy. Last update on 13 october 2026.

Fiscal restraint instruments: how were they managed in 2025?

A significant part of the control over public expenditure is exercised through instruments that enable the Government to manage the implementation of the Budget throughout the year.