Portugal's government budget deficit widened sharply to EUR 12.246 billion in 2020, from EUR 3.940 billion in 2019. Total expenditure increased 9.4 percent to EUR 58.96 billion due to the coronavirus crisis, while revenues fell 6.5 percent to EUR 46.71 billion. source: Banco De Portugal
Government Budget Value in Portugal averaged -3631.22 EUR Million from 1990 until 2020, reaching an all time high of 271 EUR Million in January of 2000 and a record low of -14745 EUR Million in December of 2010. This page provides - Portugal Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Government Budget Value - values, historical data and charts - was last updated on February of 2021.
Government Budget Value in Portugal is expected to be -3310.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Portugal to stand at -3810.00 in 12 months time. In the long-term, the Portugal Government Budget Value is projected to trend around -3810.00 EUR Million in 2022 and -5660.00 EUR Million in 2023, according to our econometric models.