Government budget and debt · Portugal
Portugal Budget Balance
The Portugal Budget Balance measures the public finances of Portugal: the budget balance (revenue minus spending), revenue, or debt relative to the size of the economy.
- Importance
- Low
- Released
- Monthly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banco de Portugal)
Latest figures
The latest release for SEP, published on 2 November 2026, came in at €-4.6B.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 2 Nov 2026 | SEP | €-4.6B | – | €-7.3B |
| 2 Oct 2026 | AUG | €-7.3B | – | €-6.3B |
| 3 Sep 2026 | JUL | €-6.3B | – | €-6.7B |
| 31 Jul 2026 | JUN | €-6.7B | – | €-7B |
| 3 Jul 2026 | MAY | €-7B | – | €-5.4B |
| 3 Jun 2026 | APR | €-5.4B | – | €-2.4B |
| 4 May 2026 | MAR | €-2.4B | – | €-1.2B |
| 2 Apr 2026 | FEB | €-1.2B | – | €-0.6B |
| 3 Mar 2026 | JAN | €-0.6B | – | €-7.5B |
| 2 Feb 2026 | DEC | €-7.5B | – | €-6.6B |
| 5 Jan 2026 | NOV | €-6.6B | – | €-4.3B |
| 3 Dec 2025 | OCT | €-4.3B | – | €-1.3B |
Why it matters
Large deficits mean more government borrowing, which can push bond yields up and, if markets lose confidence, weigh on the currency. Debt ratios matter for credit ratings and for euro-area rules.
How it is calculated
The finance ministry or statistics office reports cash revenue and spending each month or quarter; debt is the stock of government borrowing, usually shown as a share of GDP.
Budget balance = revenue − spending
Debt ratio = government debt ÷ GDP × 100What changes mean
- Markets react mostly to surprises that change the borrowing plan.
- Rising debt is more worrying when interest rates are above growth rates.
A short history
Public debt has financed wars since the Bank of England was founded in 1694 to lend to the government; the euro area's 3% deficit and 60% debt rules date from the Maastricht Treaty (1992).
Questions
What is the Portugal Budget Balance?
The Portugal Budget Balance measures the public finances of Portugal: the budget balance (revenue minus spending), revenue, or debt relative to the size of the economy.
What was the latest Portugal Budget Balance?
€-4.6B for SEP, published on 2 November 2026.
When is the next Portugal Budget Balance?
On Wednesday 2 December 2026 at 11:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.