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The scenario was already expected, because the capital injection of 1,200 million euros in TAP would have to be counted as State capital expenditure and, therefore, go to the deficit, but the impact it had on the budget balance for the third quarter came this Wednesday -market. The National Statistics Institute (INE) included the financing operation in the public accounts for September, which caused capital expenditures to increase 303.6% between July and September.
The effects of the crisis caused by the pandemic continue to be felt in public accounts, from the perspective that counts for European regulations. Until September, Portugal had a deficit of 4.9% of GDP, which compares with the budget surplus of 0.7% registered in the same period of the previous year, according to data revealed by the INE, and the projection of the ratio should not be at risk. budget deficit of 7.3% of GDP forecast by the Executive for this year.
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