One billion surplus until October

Portugal’s general government surplus was €998 million up to October, reflecting an improvement of €726 million compared to the same period in 2018, with revenue growing 4.2%, the ministry of finance reported today.

In a communiqué that precedes the publication of the budget execution summary, which will be published later today by the Directorate General of Budget (DGO), the ministry of finance informs that “the budget execution in public accounting of General Government until October recorded a balance of €998 million”.

The ministry explained that this evolution corresponded to an improvement of €726 million compared to the same period in 2018, “as a result of a growth in revenue of 4.2% and expenditure of 3.2%