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.