Compared with 2019, public expenditure increased by 7.8% in nominal terms, mainly due to economic policy measures taken to mitigate the impact of the covid-19 pandemic.
According to data released by the National Bureau of Statistics (INE) this Tuesday, the total public expenditure in 2020 will reach 98.1 billion euros, equivalent to 48.4% of GDP, an increase of 5.9 percentage points from 2019.
It shows that this expenditure is 5.1 percentage points lower than the euro area average.
He said that compared with 2019, public spending increased by 7.8% in nominal terms, mainly due to economic policy measures taken to mitigate the impact of the covid-19 pandemic.
Social welfare is the most relevant economic category, accounting for 19.8% of gross domestic product (GDP), while wages and intermediate consumption account for 11.7% and 5.6%, respectively.
In terms of expenditure classification by function, in 2019, the last year the information is available, the structure of primary public expenditure has been concentrated on social protection functions (42.7%), followed by health and health functions. Educational function (16.6% and 11.1% respectively), refers to.
INE released a summary of public expenditure statistics for the first time, using the basis of the 2016 Portuguese National Account as a reference. Just like the tax revenues that have been regularly released, the final version may be released on the 11th.
According to INE, this information is consistent with the public administrative account corresponding to the first notice of excessive deficit procedures in 2021 issued at the end of March.
The data for the period from 1995 to 2018 are final information in nature.