"According to the provisional results obtained in this financial year, in 2022 the balance of Public Administrations (PA) reached -944.4 million euros, which corresponded to -0.4% of GDP (-2.9% in 2021) ", says the National Institute of Statistics (INE).
The Government estimated, in the proposed State Budget for 2023 (OE2023), a deficit of 1.9% of GDP, but the Prime Minister, António Costa, and the Minister of Finance, Fernando Medina, had already signalled that they believed it would be less than 1.5%.