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.

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Portugal Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-12246.00 -11821.00 271.00 -14745.00 1990 - 2020 EUR Million Monthly
Current Prices, NSA

Portugal Government Last Previous Highest Lowest Unit
Government Debt to GDP 117.20 121.50 131.50 50.30 percent [+]
Government Budget 0.10 -0.30 0.10 -11.40 percent of GDP [+]
Government Budget Value -12246.00 -11821.00 271.00 -14745.00 EUR Million [+]
Government Spending 8475.50 8067.20 9085.90 6203.80 EUR Million [+]
Government Spending to GDP 42.70 43.40 51.90 42.50 percent [+]
Government Revenues 46710.00 41529.00 49938.00 846.00 EUR Million [+]
Government Debt 267011.00 259887.00 267011.00 62915.00 EUR Million [+]
Fiscal Expenditure 58956.00 53350.00 58956.00 819.00 EUR Million [+]
Credit Rating 71.00 [+]
Military Expenditure 3969.00 3647.00 4881.00 755.00 USD Million [+]
Asylum Applications 45.00 65.00 195.00 5.00 persons [+]

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.