Portugal recorded a government budget deficit of 3831 EUR Million in October of 2019. Government Budget Value in Portugal averaged -3543.53 EUR Million from 1990 until 2019, 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.

Government Budget Value in Portugal is expected to be -3150.00 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 -700.00 in 12 months time. In the long-term, the Portugal Government Budget Value is projected to trend around -3810.00 EUR Million in 2020, according to our econometric models.

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Portugal Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-3831.00 -1827.00 271.00 -14745.00 1990 - 2019 EUR Million Monthly
Current Prices, NSA


Portugal Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Portugal Government Last Previous Highest Lowest Unit
Government Debt to GDP 122.20 126.00 131.50 50.30 percent [+]
Government Budget -0.40 -3.00 -0.40 -11.20 percent of GDP [+]
Government Budget Value -3831.00 -1827.00 271.00 -14745.00 EUR Million [+]
Government Spending 8331.70 8324.90 9085.90 6203.80 EUR Million [+]
Government Spending to GDP 44.00 45.70 51.80 42.40 percent [+]
Government Revenues 40563.00 37200.00 47886.00 846.00 EUR Million [+]
Government Debt 252278.00 251348.00 252278.00 62915.00 EUR Million [+]
Fiscal Expenditure 39027.00 35310.00 51469.00 819.00 EUR Million [+]
Military Expenditure 3969.00 3647.00 4881.00 755.00 USD Million [+]
Credit Rating 71.00 [+]
Asylum Applications 175.00 150.00 175.00 5.00 persons [+]