Public Finances in Portugal: A Brief Long-Run View | Zendy

António Afonso | Zendy

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Public Finances in Portugal: A Brief Long-Run View

Author(s) -

António Afonso

Publication year - 2007

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.952285

Subject(s) - political science , economics , public economics , public administration , business , regional science , geography

This paper provides a succinct overview of long-run developments regarding public finances in Portugal with an emphasis on the spending side. Issues addressed are the excessive deficit experiences of Portugal, the past experience with fiscal consolidations, and labour cost competitiveness. It is fair to stay that public spending control has been a problem in Portugal, and fiscal consolidations in the 1980s and 1990s have been shorttermed and mostly not successful. Additionally, the compensation of general government employees diverged vis-a-vis the EU15 after EU entry.

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