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This publication assesses the general government budget outturn in the year 2012 and analyses the 2013/2017 Fiscal Strategy Document recently disclosed by the Government. This analysis springs from the statutory tasks entrusted to the Portuguese Public Finance Council: to evaluate the public debt dynamics and its sustainability; to assess the macroeconomic evolution scenarios adopted by the Government and the consistency of fiscal forecasts with them; to assess the compliance with fiscal rules in force.


The outline of the Report is as follow:


Purposes of the Report


  • Overview and conclusions;
  • Budget outturn in 2012;
  • Public finance sustainability;
  • Macroeconomic scenario;
  • Fiscal forecasts.
Stability Programme . Report nº 3/2013 . 29 May 2013