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This report analyses the budgetary developments in the general government sector in the first quarter of 2016. The analysis of the Portuguese Public Finance Council (CFP) is based on the macroeconomic statistics released by the National Statistics Institute (INE) on 24 June, in the quarterly general government accounts (not financial and financial) in national accounts published on June, 24 and July, 1, 2016 by INE and Bank of Portugal (BdP), respectively.


For a better analysis of budgetary developments, revenue and expenditure for general government are adjusted for effects that do not have a permanent impact on funding needs. This analysis makes it possible to assess the consolidation effort made by facilitating the monitoring of structural developments in structural terms and the assessment of the budgetary stance.

Budget Outturn . Report nº 7/2016 . 14 July 2016