The budget surplus of Portugal’s government accounts rose by nearly €300 million between January and February this year, reaching €2.3 billion in cumulative terms at the end of last month, according to a note from the finance minister’s office. , Fernando Medina, sent to the newspapers on Friday.
That was before the announcement of the new package of measures to respond to the rise in the cost of living on March 24, which will cost €2.5 billion globally, Finance said at the time.
One of the most emblematic measures is the temporary reduction (for six months) of VAT to 0% on a group of 44 foodstuffs, which is expected to cost some €400 million in revenue that will not be collected.
Before that, in February, government accounts continued to run with a significant surplus that should be gradually consumed from now on.
Source: DN
