Portugal’s Budget Surplus in 2024 Reaches 0.7% of GDP

The National Statistics Institute (INE) announced that Portugal ended 2024 with a budget surplus of 0.7% of GDP, above the 0.4% forecast by the Government. This result reflects higher revenues and reasonable containment of public spending, reinforcing the resilience of public finances in a context of economic adjustment.

The surplus, although positive, contrasts with more conservative forecasts from bodies such as the Bank of Portugal, which are already warning of potential deficits in 2025.

This development highlights the importance of rigorous fiscal management and opens space for future decisions on public investments and tax burden reduction.