This presentation was made by Manuela Proenca, Ministry of Finance, Portugal, at the 38th Annual Meeting of OECD Senior Budget Officials held in Lisbon, Portugal, on 1-2 June 2017

1. Budget Profile
PORTUGAL
1 June 2017
OECD Senior Budget Officials
38 th Annual Meeting

2. 2
OECD Senior Budget Officials Meeting
1 June 2017
Budget Profile, Portugal
 New Budget Framework Law (Law 151/2015 of 11 September)
 New Accounting System for the General Government (Decree-Law 192/2015
of 11 September).
New legal benchmarks for the State's financial architecture.
 An opportunity to improve the budgetary
process
 An opportunity to improve the quality of public
accounts

3. 31 June 2017
Budget Profile, Portugal
Main Reform Achievements in Recent Years
 Convergence between the scope of budget accounting and national accounts
 Setting ceilings for commitments
 The adoption of a multi-annual budgetary framework
 The intra-annual monitoring of targets, bringing to this exercise all Central
Government entities
 Since 2013 the financial accounting is widespread in all public services;
primary schools, since 2016
The new legal framework
deepens the configurations that have been outlined in recent years
main elements of the reform that have been implemented in recent years:
•Monitoring of commitments
OECD Senior Budget Officials Meeting

4. 41 June 2017
Budget Profile, Portugal
Main Reform Achievements in Recent Years
 Enlargement of shared responsibilities of line coordinators along the budget
cycle:
 Multi-annual Budgetary Framework
 Budget Proposal
 Monitoring the Budget Execution
 Available Funds Management
 Programs Report
 The State General Account Report
Shared
responsabilities
Shared
objectives
OECD Senior Budget Officials Meeting

5. 51 June 2017
Budget Profile, Portugal
Budget Management 2016/2017
 Assess the impact of policy decisions and take corrective measures to ensure
the achievement of goals
 Greater use of contingency margins management
 Centralized appropriations in the Ministry for specific purposes:
 National Public Contribution to projects co-financed by European funds;
 Health sectoral sustainability measures,
 Reducing non-financial debt
 Participative Budget.
 A restraining management of available funds
 The control over the assumption of multiannual commitments
OECD Senior Budget Officials Meeting

6. 61 June 2017
Budget Profile, Portugal
2011/12 2013
Budget Framework Law Revisions
Commitments
Control Law
Multiannual
budgetary
framework
(MBF)
New BFL
Commitments
Control Law
Revision
New Accounting
System
2014 2015 2016/17
Strict
Contingency
Reserves
Manag.
New
Centralized
Appropriations
A restraining
setting of
available funds
Strict control
over new
multiannual
commitments
New Cross-Cutting Processes
Budget Directorate / Line Coordinators
MBF / Monthly forecasts / Deviation Analysis /Ceilings for Available Funds/Data Availability
OECD Senior Budget Officials Meeting

7. Thank You
Rua da Alfândega, 5 – 2º | 1149-006 Lisboa, Portugal
Tlf.: (+351) 21 884 6300
Web: www.dgo.pt | E-mail: dgo@dgo.pt
Manuela Proença
General Director
Manuela.proenca@dgo.pt