Glossary

The amortization or reimbursement of public debt corresponds to the payment of the outstanding amount. The amortization can be total, if all the outstanding amount is repaid, or partial, if only part of the outstanding amount is paid.

Public associations of local authorities for the joint pursuit of their respective attributions. They include intermunicipal entities (metropolitan areas and intermunicipal communities) and associations of parishes and municipalities with specific purposes.

The purpose of the associations of parishes and municipalities with specific purposes is to pursue certain objectives of common interest to their members.

The Assessed PIT corresponds to the amount of PIT due after applying the PIT tax rates to the taxable income of a certain taxpayer.

The accounts payable are a subset of liabilities that are certain, liquid and due (e.g. invoice or equivalent document, vouchers, vouchers in accordance with the VAT Code). It corresponds to the debt due or falling due supported by an invoice or equivalent document or due as a result of a contract. Does not include invoices in the process of being received or checked, nor situations of litigation processes yet to be concluded.

Employers' actual social contributions are paid by employers to social security schemes and other employment related social insurance schemes to secure social benefits for their employees. As employers' actual social contributions are made for the benefit of their employees, their value is recorded as one of the components of compensation of employees together with wages and salaries in cash and in kind. The social contributions are then recorded as being paid by the employees as current transfers to the social security schemes, and other employment related social insurance schemes.

Households' actual social contributions are social contributions payable on their own behalf by employees, self-employed or non-employed persons to social insurance schemes.

The adjusted appropriation corresponds to the resources available for use by the public services. It corresponds to the initial budgetary appropriation, deducted from captivations (conditional use of budgetary appropriations) and adjusted from budgetary amendments (reinforcements and/or reductions) that have occurred throughout the economic year.

Automatic stabilizers are fiscal variables, both on the revenue and expenditure side, which react automatically to the economic cycle, mitigating its fluctuations. Thus, other things held constant, and without any discretionary changes in fiscal policy, the budget balance tends to improve in years of economic growth and worsen during recessions. For example, if unemployment rises, expenditure on unemployment benefits tends to increase and income tax revenues tend to decrease, minimizing the impact of the economic downturn.

Os Serviços e Fundos Autónomos englobam os organismos com autonomia financeira e administrativa, financiados maioritariamente com transferências provenientes de outras unidades da Administração Pública e com impostos que lhes estejam consignados. A sua atuação efetua-se em determinadas áreas, quer através da regulamentação e fiscalização, quer através da atribuição de apoios financeiros aos agentes económicos no quadro da política económica e social do Estado.