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In accordance with Article 7 of the Statutes of the Public Finance Council (CFP), this report analyses the Draft State Budget for 2017 (DSB/2017) and was preceded by the CFP’s Opinion on the macroeconomic forecasts underlying the State Budget.


The report is structured in five chapters and one annex. The first chapter is introductory and presents the structure of the document. The second chapter assesses the consistency of the budgetary projections with the macroeconomic scenario and the measures envisaged. The third chapter assesses the budgetary adjustment, the budgetary stance and compliance with the budgetary rules in force. The fourth analyses the indebtedness foreseen in DSB/2017 and the evolution of public debt. Finally, the fifth chapter appreciates the forecasts for sub-sector accounts. The annex gives presents the DSB/2017 review of the initial forecast for the 2016 consolidated account contained in DSB/2016 and presents a set of detailed tables on which the condensed versions of the chapters are based.

State Budget . Report nº 10/2016 . 15 November 2016