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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Government appoints leaders for entity replacing Directorate-General of the Treasury

José Manuel de Matos Passos, who has served as the director of the Technical Unit for Monitoring the Public Business Sector (UTAM) since August last year, previously led the Institute for Financial Management of Education from 2015 to 2024. He resigned in June following a fraud incident, known as ‘fraude CEO,’ which reportedly cost the state 2.5 million euros.

The recently published decree in the Diário da República designates Maria de Lurdes Correia de Castro, Rita da Cunha Leal, and Nelson Costa Santos as deputy director-generals. They will occupy their roles until the selection procedure conducted by the Commission for Recruitment and Selection for Public Administration (Cresap) is completed.

The newly appointed officials have already been working within the organizations affected by restructuring, leading to the creation of the new Treasury and Finance Entity. This body was approved by the Council of Ministers on March 7, forming one of the key elements of the Public Administration reform initiated by the government led by Luís Montenegro.

Maria de Lurdes Correia de Castro had been appointed deputy director-general of the Directorate-General for the Treasury and Finance (DGTF) in 2017, a position she has held up to this point.

Rita da Cunha Leal has been the coordinator of the Technical Unit for Project Monitoring (UTAP) since September 2024, and Nelson Costa Santos has served as a senior specialist in Budget and Public Finance at the Support and Coordination Office of the State Business Sector of the DGTF since September 2021.

The decree published today takes effect on April 1, as stated in the document from the office of the Minister of State and Finance, Joaquim Miranda Sarmento.

The Treasury and Finance Entity is the result of a decree that restructured the DGTF and dissolved, through merger, the UTAM and the UTAP.

The ETF’s mission is to ensure the financial intervention operations of the state, oversee issues related to the financial oversight of the public administrative and business sectors, and shareholder functions. It is also responsible for the integrated management of state assets, excluding real estate, and participates in public sector asset operations.

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