Excessive Deficit Procedure
Excessive deficit procedure
1st notification
Excessive Deficit Procedure - 2026
26 March 2026

Summary

According to EU regulations, Statistics Portugal presents the first notification for 2026 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 2025, amounting to EUR 2 058.6 million, corresponding to 0.7% of GDP (0.6 % in 2024). Gross debt of GG decreased to 89.7 % of GDP in 2025 (93.5 % of GDP in 2024).

GG Total revenue amounted to EUR 133.0 billion, increasing by 6.7% vis-à-vis 2024 (+ EUR 8.3 billion), mainly as a consequence of the growth of 5.8% in current revenue (EUR 7.1 billion more than in 2024). 

In the same period, GG total expenditure increased by 6.6% (in EUR 8.1 billion), to EUR 130.9 billion, with current expenditure increasing by EUR 6.3 billion (5.6%), as a result of rises in compensation of employees (with a rate of change of 7.6%) and in social benefits other than social transfers in kind, which grew 6.2%. Capital expenditure increased 18.1% (EUR 1.8 billion), mainly due to the increase of investment expenditure.

In 2025, total tax revenue increased by 6.7% in nominal terms, attaining EUR 108.7 billion. The tax burden indicator, that corresponds to the ratio between tax revenue and GDP, increased to 35.4% in 2025 (35.2% in the previous year).


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