Senior Board

Nazaré da Costa Cabral is graduated in Law (1994), from the School of Law of the University of Lisbon and in Economics (2015) from Nova SBE - School of Business & Economics. Has a master's degree (1998) and PhD (2007) in Law also by the School of Law of the University of Lisbon.

The CFP’s Chair is an Associate Professor with Aggregation at the School of Law, University of Lisbon, and has been a teacher at several Portuguese and foreign universities, working as a researcher with various articles and books published, mainly in the public finance, public budgeting and social security domains.

Between 1997 and 2002 and between 2005 and 2007, Nazaré da Costa Cabral worked as a legal advisor and consultant in governmental offices within the Labour and Social Security areas. During this period, she also joined several working groups that reviewed legal diplomas in the social security field.

Later, in 2015 and 2016, she was part of the project "National feasibility assessment of the different European unemployment benefit schemes options", of the consortium led by the Center for European Policy Studies (CEPS), in charge of assessing the conditions and feasibility of creating a European-wide unemployment subsidy.

More recently, in 2018, she was a member of the High Level Expert Group on Pensions and an expert on the European MoveS project (Network of independent experts in the fields of free movement of workers (FMW) and social security coordination), in a consortium led by EFTHEIA with the European Commission.

Nazaré da Costa Cabral is Chair of the CFP Senior Board since March 2019, appointed with the Council of Ministers Resolution no. 1/2012, of February 15^th.

Lorenzo Forni, master of Arts in Political Economy and Ph.D. in Economics by the Boston University, is Vice-Presidente of the Portuguese Public Finance Council Senior Board since January 2025.

He is full professor of Economic Policy in the Departments of Economics from the University of Padua, in Italy, since 2017, and head of Prometeia Associazione Think Tank, also since 2017.

Lorenzo Forni previously worked at the International Monetary Fund in Washington, USA, and as a senior economist at the Central Bank of Italy in Rome. He has also worked with the OECD in France and the World Bank in the USA on projects and policy reports, and was a visiting scholar at Harvard University.

Lorenzo Forni has published numerous articles in leading academic journals and is the author of The Magic Money Tree (2021), selected by the Financial Times among the best economic books of 2021, and Preventing the Greenlash: How to Overcome Opposition to Green Policies (2024).

He was honoured with the IMF Fund-wide award for Cross Departmental Collaboration (2015), Fiscal Affairs Department Award for work on the macroeconomic effects of fiscal policy (2013) and Bank of Italy “Donato Menichella” Scholarship for graduate studies (1994).

Lorenzo Forni was appointed Vice-President of the CFP's Senior Board in December 2024, with the Council of Ministers Resolution no.186/2024, of December 13th, and took office in January 21st 2025.

Patrícia Semião, who holds a master's degree in Economics from the Lisbon School of Economics & Management of the Technical University of Lisbon, has been an Executive Member of the Senior Board of the Portuguese Public Finance Council since January 2025.

At the Ministry of Finance since 2012, has held the position of deputy director-general of the Directorate-General for the Budget since 2017, with responsibilities for coordinating and monitoring activities related to the analysis of Public Finances from the National Accounts perspective, preparing the quarterly and annual estimate of the Budget Balance and forecasting for the State Budget and Stability Programme.

Previously, Patrícia Semião worked in the Regional Accounts Service, in the National Accounts Department of the Statistics Portugal (INE), particularly in the preparation of quarterly general government accounts.

Patrícia Semião was appointed Executive Member of the CFP's Senior Board in December 2024, with the Council of Ministers Resolution no.186/2024, of December 13th, and took office in January 21st 2025.

Noémia Goulart is a Non-Executive Member of the Senior Board of the Portuguese Public Finance Council since December 2022 and a senior statistician at the National Statistical Institute, having worked in the National Accounts Department between January 1999 and March 2005, in the areas of National Accounts methodology and General Government Sector Accounts.

She holds a degree in Economics from the ISEG - Lisbon School of Economics and Management of the Technical University of Lisbon (1997) and a specialization in Corporate Finance applied by the Research Center for Markets and Financial Assets of INDEG - Higher Institute of Labor and Business Sciences (1999), an Advanced Course in Public Management from the National Institute of Administration, I. P. She also holds the curricular part of the Master's degree in Economics and European Studies from the ISEG (2004) and in Economics and Public Policies from the ISCTE (2015).

Since September 2020 and until her appointment to the CFP - where she held from January 2013 to May 2016 the technical coordination of the public finance area - she was the coordinator of the Public Financial Management Reform Unit (UniLEO).

Previously, Noémia Goulart served as Vice-Chairwoman of the Board of Directors of the Institute of Social Security, I.P., from December 2019 to August 2020, having been a member of the Board of Directors of the Institute of Social Security, I.P. from May 2016 to December 2019 and a member of the Board of Directors of the Institute for Social Security Financial Management from June 2009 to October 2012.

Appointed Non-Executive Member of the Senior Board of the CFP with the Council of Ministers Resolution no. 117/2022, of November 25^th, and took office in December of the same year.

Evi Pappa is a Non-Executive Member of the Senior Board of the Portuguese Public Finance Council since December 2022 and Professor of Macroeconomics at Universidad Carlos III de Madrid.

She completed her PhD in Economics at the Universitat Pompeu Fabra in Barcelona. Her activity has assumed prominence both in the academic dimension and in economic policy. She is a member of the CEPR-EABCN Euro Area Business Cycle Dating Committee and of the Standing Committee of Women in Economics of the European Economic Association. She is co-editor of the European Economic Review and associate editor of several other academic journals. She is also a research fellow at the Centre for Economic Policy Research (CEPR) and was a committee member of the European Research Council (ERC) Starting Grant 2021. Evi Pappa also has close links with policy institutions, being an academic advisor at the Bank of Spain and the Bank of Canada.

In the past, she has held positions at different universities in Europe (The London School of Economics, Bocconi University, Universidad Autonoma de Barcelona, University of Bern and European University Institute), and has been a visiting researcher at several central banks (Bank of England, European Central Bank, Federal Reserve Bank of Atlanta, Norges Bank and RiksBank).
She is internationally recognized for her work on fiscal policy, a topic on which she has worked intensively throughout her academic career.

Appointed Non-Executive Member of the Senior Board of the CFP with the Council of Ministers Resolution no. 117/2022, of  November 25^th, and took office in December of the same year.