According to EU regulations, Statistics Portugal presents the second notification for 2025 associated with the Excessive Deficit Procedure (EDP) to be sent to Eurostat before the end of the month . According to these provisional results, the General Government (GG) had a positive balance, in 2024, amounting to EUR 1 451.4 million, corresponding to 0.5% of GDP (1.3 % in 2023). Gross debt of GG attained 93.6 % of GDP in 2024 (96.9 % of GDP in 2023).

GG Total revenue amounted to EUR 124 billion, increasing by 6.8% vis-à-vis 2023 (+ EUR 8.0 billion), mainly as a consequence of the growth of current revenue by 7.3% (EUR 8.3 billion more than in 2023). 

In the same period, GG total expenditure increased by 8.7% (in EUR 8.6 billion), to EUR 123 billion, with current expenditure increasing 9.6%, by EUR 9.9 billion, as a result of rises in compensation of employees (with a rate of change of 9.0%) and in interest payments, which grew 6.9%. Capital expenditure remained at the same level, with a small variation of EUR 17 million (0.2%).

In 2024, total tax revenue increased by 6.7% in nominal terms, attaining EUR 101.9 billion. The tax burden indicator, that corresponds to the ratio between tax revenue and GDP, was 35.2% in 2024 (35.3% in the previous year).