Portugal’s government accounts recorded a historic surplus in August, the largest in the Finance series (dating back to 2013) this summer.
With a positive balance of €2.3 billion in August, which is also the second-largest accumulated balance in these budget execution records, the government believed it had room to move forward with the huge package of support to families and businesses, worth of 2.4 billion euros, announced in September and starting to pay in October.
Government accounts strengthened their surplus (since June) and ended the period from January to August with a significant surplus of more than EUR 2.3 billion.
The Ministry of Finance, led by Fernando Medina, reported Monday that the budget balance is “improving due to economic dynamism and the disappearance of the effects of the pandemic”.
Source: DN
