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Excessive Deficit Procedure - 1st Notification
Excessive deficit procedure
1st notification
Excessive Deficit Procedure - 1st Notification -
26 March 2021

Summary

According to EU regulations, Statistics Portugal presents the first notification for 2021 associated with the Excessive Deficit Procedure (EDP) to be sent to Eurostat before the end of the month . According to these provisional results, the net borrowing of General Government (GG) in 2020 amounted to EUR 11 501.1 million, corresponding to 5.7% of GDP (net lending of 0.1% in 2019). Gross debt of GG attained 133.6 % of GDP in 2020 (116.8% of GDP in 2019).

Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.


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