The release of the quarterly national accounts by institutional sector from INE will reveal the evolution of public accounts up to March, at a time when the Minister of Finance remains confident in the estimate of a 0.3% GDP surplus for the entire year.
During a parliamentary discussion on the Government’s Program, Joaquim Miranda Sarmento noted that the AD Government “exceeded expectations” last year by achieving a surplus of 0.7%, “more than triple what the previous government had forecast.”
For 2025, the Government maintains its “commitment to fiscal balance” and projects a 0.3% GDP surplus, even as some institutions monitoring Portuguese public accounts predict a return to budget deficits this year or next.
In terms of public accounting (considering cash flows), the State recorded a surplus of 1,592.3 million euros up to March, according to budget execution data from the Directorate-General of Budget (DGO).
The balance calculated by INE differs from that of DGO as it is based on national accounting (relevant for European institutions), meaning it is calculated using an accrual basis of revenues and expenses.
Among the indicators to be disclosed today is also the household savings rate.
