59,04 billion €
Revenue
Find out in detail about the government's rendering of accounts, through the General State Account, representing the final outturn of revenue and expenditure.
On this page
The Government clears the final accounts of the budget and produces the General State Account, summarizing all the data on the execution of expenditure and revenue for the twelve months of the respective year.
Once the annual State Budget exercise is over, time is ripe to consolidate the public accounts and analyse the final numbers. Each year, the State Budget provides a certain outlook for financial development, and it is only in the General State Account that its real implementation can be discerned.
To help make it easier to read the key figures on the General State Account, below are its main and most important indicators.
The Central Administration ended the year with a revenue, a expenditure and a balance of...
59,04 billion €
Revenue
minus
72,65 billion €
Expenditure
=
-13,61 billion €
Balance
Technically speaking...
The figures presented as revenue, expenditure and balance are actual numbers, with the State's financial liabilities and assets removed from the books.
It is crucial to add the Social Security balance to the Central Administration one (deficit when negative)...
Central administration
-13,61 billion €
Balance
more
Social Security
2,13 billion €
Balance
=
Central Administration + Social Security
-11,48 billion €
Balance
Technically speaking...
It should be made clear that the parliamentary discussion of the State Budget and its approval by the Assembly of the Republic centres on the forecast and actual balance of Central Administration and Social Security.
For a comprehensive overview of public accounts, integrating Regional and Local Administrations is also important...
Central Administration + Social Security
-11,48 billion €
Balance
more
Regional and Local Administrations
-151,3 million €
Balance
=
Public Administrations
-11,63 billion €
Balance
Technically speaking...
Whilst being separate budgets from the State Budget for Central Administration and Social Security, analysing public accounts should always include Regional and Local Administrations.
It is equally important in public accounts to keep track of all the adjustments for the year undertaken by Portugal...
Public Administrations
-11,63 billion €
Balance
more
Year adjustments
132,8 million €
Balance
Technically speaking...
By "adjustments for the year" is meant all the liabilities incurred in the same year. This item also includes other accounting adjustments required to arrive at the final balance.
The benchmark balance (deficit when negative) is the sum of the Public Administration balance and the figure representing the adjustments for the year...
Public Administrations
-11,63 billion €
Balance
Public Accounting
Public Accounting
more
Year adjustments
132,8 million €
Balance
National Accounting
=
Public Administrations
-11,5 billion €
Balance
National Accounting
National Accounting
Technically speaking...
Two perspectives are possible when looking at the public accounts and the balance (deficit when negative) of the Public Administration: Public Accounting (referring to cash flows) and National Accounting (concerning the commitments and operations undertaken in a year).
If the budget has a deficit (negative balance), this figure increases the expected size of the Portuguese public debt...
€
11,5 billion €
2020 Deficit
Technically speaking...
Public debt is the money accumulated over the years that the State owes abroad and to the country itself. To correctly incorporate the deficit into the public debt, the only way forward is to employ a National Accounts perspective, with all its technical implications. These data may be reviewed annually, in September, by the National Statistics Institute.
By consolidating all the information relating to the annual balance of Portugal's accounts, the General State Account reflects the difference between the revenue obtained and the expenditure incurred.
State Budget Year | Executed expenditure | Raised revenue |
---|---|---|
2020 |
72650200000 €
|
59036200000 €
|
2019 |
66522400000 €
|
62694100000 €
|
State Budget Year
2020
Executed expenditure
72650200000 €
Raised revenue
59036200000 €
State Budget Year
2019
Executed expenditure
66522400000 €
Raised revenue
62694100000 €
Expenditure | Executed amount |
---|---|
Current transfers |
29927400000 €
|
Expenditure on personnel |
17983700000 €
|
Acquisition of current goods and services |
10213600000 €
|
Interest and other credit charges |
7419300000 €
|
Expenses with investments in assets (equipment, buildings) |
2926600000 €
|
Transfers to investments |
2588300000 €
|
Subsidies |
783000000 €
|
Other Current expenditure |
677900000 €
|
Other investment expenses |
80300000 €
|
Consolidation accounting adjustments |
50100000 €
|
Total |
72650200000 €
|
Expenditure
Current transfers
Executed amount
29927400000 €
Expenditure
Expenditure on personnel
Executed amount
17983700000 €
Expenditure
Acquisition of current goods and services
Executed amount
10213600000 €
Expenditure
Interest and other credit charges
Executed amount
7419300000 €
Expenditure
Expenses with investments in assets (equipment, buildings)
Executed amount
2926600000 €
Expenditure
Transfers to investments
Executed amount
2588300000 €
Expenditure
Subsidies
Executed amount
783000000 €
Expenditure
Other Current expenditure
Executed amount
677900000 €
Expenditure
Other investment expenses
Executed amount
80300000 €
Expenditure
Consolidation accounting adjustments
Executed amount
50100000 €
Total
Executed amount
72650200000 €
Revenue | Raised value |
---|---|
Indirect taxes |
24628800000 €
|
Income taxes (IRS, IRC, IMI...) |
19153900000 €
|
Contributions to Social Security, CGA e ADSE |
4169600000 €
|
Current transfers |
2952100000 €
|
Fees, fines and other penalties |
2758300000 €
|
Acquisition of current goods and services |
2513700000 €
|
Property income (interest, dividends, rent) |
887100000 €
|
Transfers to investments |
854600000 €
|
Other revenue |
479000000 €
|
Recovery of overpayments from previous years |
204700000 €
|
Money to be transferred to the European Union |
203400000 €
|
Sale of state assets |
144900000 €
|
State compensation and other revenue |
68600000 €
|
Consolidation accounting adjustments |
17500000 €
|
Total |
59036200000 €
|
Revenue
Indirect taxes
Raised value
24628800000 €
Revenue
Income taxes (IRS, IRC, IMI...)
Raised value
19153900000 €
Revenue
Contributions to Social Security, CGA e ADSE
Raised value
4169600000 €
Revenue
Current transfers
Raised value
2952100000 €
Revenue
Fees, fines and other penalties
Raised value
2758300000 €
Revenue
Acquisition of current goods and services
Raised value
2513700000 €
Revenue
Property income (interest, dividends, rent)
Raised value
887100000 €
Revenue
Transfers to investments
Raised value
854600000 €
Revenue
Other revenue
Raised value
479000000 €
Revenue
Recovery of overpayments from previous years
Raised value
204700000 €
Revenue
Money to be transferred to the European Union
Raised value
203400000 €
Revenue
Sale of state assets
Raised value
144900000 €
Revenue
State compensation and other revenue
Raised value
68600000 €
Revenue
Consolidation accounting adjustments
Raised value
17500000 €
Total
Raised value
59036200000 €
Public debt is among the most significant and widely cited indicators when it comes to assessing a country's financial soundness. Briefly, it reflects the percentage of debt that the country needs to incur to cover its expenses, when compared to its wealth output, express as the Gross Domestic Product (GDP).
Whilst analysing this indicator in the General State Account, the percentage of public debt in relation to GDP, especially in a budgetary context, it is important to always bear in mind its evolution over time.
Year | Percentage of public debt |
---|---|
2016 |
131,5 %
|
2017 |
126,1 %
|
2018 |
121,5 %
|
2019 |
116,6 %
|
2020 |
135,2 %
|
Year
2016
Percentage of public debt
131,5 %
Year
2017
Percentage of public debt
126,1 %
Year
2018
Percentage of public debt
121,5 %
Year
2019
Percentage of public debt
116,6 %
Year
2020
Percentage of public debt
135,2 %
To complete all the information presented here, we advise you to consult additional data on other platforms outside the portal.