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This report analyses the budgetary developments in the general government sector in the first quarter of 2017. The analysis of the CFP is based on the macroeconomic statistics released by the National Statistical Office (INE) on 23 June and on the quarterly general government accounts (not financial and financial), in national accounts, published on 23 June and 3 July by INE and Bank of Portugal, respectively.


The general government budget aggregates analysed in this report are presented in national accounts and without adjusting the effects of temporary measures and non-recurrent measures. However, these adjustments are presented and justified in the text where such treatment is relevant to allow a better evaluation of the fiscal consolidation effort.

Budget Outturn . Report nº 6/2017 . 12 July 2017