Portugal's public administration recorded a surplus of 5.064 billion euros between January and September 2026. This figure represents a decrease of approximately 1.239 billion euros compared to the same period in 2025.
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Portugal recorded a budget surplus of 249.3 million euros between January and August 2026, a decrease of 1.799 billion euros compared to the same period in 2025. The decline is primarily attributed to a drop in the Central Administration's balance, even when excluding debt regularization payments for the public health service (SNS).
The Public Finance Council (CFP) considers the Government's forecast of a 0.1% GDP budget surplus for 2027 to be plausible, but warns that certain economic measures could threaten the budgetary targets.
Portugal's external surplus reached 4.05 billion euros in the first eight months of 2026, a 26.8% decrease compared to the same period in 2025. The decline is largely driven by a 2.7 billion euro increase in the goods trade deficit, as import growth outpaced exports, alongside reduced surpluses in services and secondary income.