Portugal is expected to record a budget deficit equivalent to 4.2 percent of GDP in 2015, according to European Commission’s Winter 2016 Economic Forecast. Government Budget in Portugal averaged -4.84 percent of GDP from 1995 until 2015, reaching an all time high of -2.80 percent of GDP in 1999 and a record low of -10.20 percent of GDP in 2009. Government Budget in Portugal is reported by the Eurostat. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides – Portugal Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
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