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Expenditure and 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.

From what stage of the budget cycle is this information?

Result

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.

State budget over the years
Select a year to view information from any State Budget.
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Running the accounts

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.

Balance between expenditure and revenue

Chart
Source DGO
31.12.2023

Balance between expenditure and revenue

Table
Balance between expenditure and revenue
State Budget Year Forecast expenditure Executed expenditure Forecast revenue Raised revenue
2023
85018000000 €
81308400000 €
78068900000 €
83201700000 €
2022
79303200000 €
78915900000 €
71533600000 €
71294000000 €

Balance between expenditure and revenue

Table

State Budget Year

2023

Forecast expenditure

85018000000 €

Executed expenditure

81308400000 €

Forecast revenue

78068900000 €

Raised revenue

83201700000 €

State Budget Year

2022

Forecast expenditure

79303200000 €

Executed expenditure

78915900000 €

Forecast revenue

71533600000 €

Raised revenue

71294000000 €

Source DGO
31.12.2023

Expenditure and revenue in detail

Expenditure amount already executed

Chart
Source DGO
31.12.2023

Expenditure amount already executed

Table
Expenditure amount already executed
Expenditure Expected value Executed amount
Current transfers
31403100000 €
32558100000 €
Staff expenditure
19595900000 €
20284200000 €
Acquisition of current goods and services
14305400000 €
13226600000 €
Interest and other credit charges
6938500000 €
6564000000 €
Expenses with investments in assets (equipment, buildings)
6348400000 €
4204100000 €
Other Current expenditure
2763500000 €
668900000 €
Transfers to investments
2623800000 €
2264100000 €
Subsidies
791500000 €
885400000 €
Other investment expenses
247900000 €
293200000 €
Consolidation accounting adjustments
0 €
359800000 €
Total
85018000000 €
81308400000 €

Expenditure amount already executed

Table

Expenditure

Current transfers

Expected value

31403100000 €

Executed amount

32558100000 €

Expenditure

Staff expenditure

Expected value

19595900000 €

Executed amount

20284200000 €

Expenditure

Acquisition of current goods and services

Expected value

14305400000 €

Executed amount

13226600000 €

Expenditure

Interest and other credit charges

Expected value

6938500000 €

Executed amount

6564000000 €

Expenditure

Expenses with investments in assets (equipment, buildings)

Expected value

6348400000 €

Executed amount

4204100000 €

Expenditure

Other Current expenditure

Expected value

2763500000 €

Executed amount

668900000 €

Expenditure

Transfers to investments

Expected value

2623800000 €

Executed amount

2264100000 €

Expenditure

Subsidies

Expected value

791500000 €

Executed amount

885400000 €

Expenditure

Other investment expenses

Expected value

247900000 €

Executed amount

293200000 €

Expenditure

Consolidation accounting adjustments

Expected value

0 €

Executed amount

359800000 €

Total

Expected value

85018000000 €

Executed amount

81308400000 €

Source DGO
31.12.2023

Revenue raised

Chart
Source DGO
31.12.2023

Revenue raised

Table
Revenue raised
Revenue Expected value Raised value
Indirect taxes
30200400000 €
32512600000 €
Income taxes (IRS, IRC, IMI...)
24078500000 €
27128900000 €
Current transfers
4743600000 €
3321800000 €
Acquisition of current goods and services
4689500000 €
3861000000 €
Transfers to investments
4243500000 €
5348700000 €
Contributions to Social Security, CGA e ADSE
4089900000 €
4198300000 €
Fees, fines and other penalties
3487200000 €
3573300000 €
Property income (interest, dividends, rent)
1037200000 €
831700000 €
Other income
660100000 €
709400000 €
Money to be transferred to the European Union
365000000 €
304400000 €
Sale of state assets
319800000 €
156500000 €
Recovery of overpayments from previous years
104000000 €
1205800000 €
State compensation and other income
50200000 €
49300000 €
Consolidation accounting adjustments
0 €
0 €
Total
78068900000 €
83201700000 €

Revenue raised

Table

Revenue

Indirect taxes

Expected value

30200400000 €

Raised value

32512600000 €

Revenue

Income taxes (IRS, IRC, IMI...)

Expected value

24078500000 €

Raised value

27128900000 €

Revenue

Current transfers

Expected value

4743600000 €

Raised value

3321800000 €

Revenue

Acquisition of current goods and services

Expected value

4689500000 €

Raised value

3861000000 €

Revenue

Transfers to investments

Expected value

4243500000 €

Raised value

5348700000 €

Revenue

Contributions to Social Security, CGA e ADSE

Expected value

4089900000 €

Raised value

4198300000 €

Revenue

Fees, fines and other penalties

Expected value

3487200000 €

Raised value

3573300000 €

Revenue

Property income (interest, dividends, rent)

Expected value

1037200000 €

Raised value

831700000 €

Revenue

Other income

Expected value

660100000 €

Raised value

709400000 €

Revenue

Money to be transferred to the European Union

Expected value

365000000 €

Raised value

304400000 €

Revenue

Sale of state assets

Expected value

319800000 €

Raised value

156500000 €

Revenue

Recovery of overpayments from previous years

Expected value

104000000 €

Raised value

1205800000 €

Revenue

State compensation and other income

Expected value

50200000 €

Raised value

49300000 €

Revenue

Consolidation accounting adjustments

Expected value

0 €

Raised value

0 €

Total

Expected value

78068900000 €

Raised value

83201700000 €

Source DGO
31.12.2023

The Portuguese public debt

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.

Evolution of the public debt percentage in relation to GDP

Chart
Source Banco de Portugal
31.12.2023

Evolution of the public debt percentage in relation to GDP

Table
Evolution of the public debt percentage in relation to GDP
Year Percentage of public debt
2019
116,6 %
2020
135,2 %
2021
127,4 %

Evolution of the public debt percentage in relation to GDP

Table

Year

2019

Percentage of public debt

116,6 %

Year

2020

Percentage of public debt

135,2 %

Year

2021

Percentage of public debt

127,4 %

Source Banco de Portugal
31.12.2023

Technically speaking...

To complete all the information presented here, we advise you to consult additional data on other platforms outside the portal.