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The Ministry of Finance has its origins on the Comptrollerships of the Exchequer (vedorias da Fazenda) created in the 14th century to run the State's financial affairs. After 1584, the comptrollerships are replaced by the Council of the Court of the Exchequer (Conselho do Tribunal da Fazenda). In 1761, the Royal Treasury (Erário Régio) is ...
Taxes in Portugal are levied by both the national and regional governments of Portugal. Tax revenue in Portugal stood at 34.9% of GDP in 2018. [ 1 ] The most important revenue sources include the income tax , social security contributions, corporate tax and the value added tax , which are all applied at the national level.
t. e. The Government of Portugal, also referred to as the Government of the Portuguese Republic, the Portuguese Government or simply the Government, is one of the four sovereignty bodies [pt] of the Portuguese Republic, together with the President of the Republic, the Assembly of the Republic and the courts. It is both the body of sovereignty ...
Arthur Oswin Austin (1879–1964) was an American electrical engineer and inventor. He is best known as the inventor of the Austin transformer, used to supply power for lighting circuits on radio towers. Austin's work included improvements to radio transmission equipment and the effects of lightning on high-voltage transmission lines and aircraft.
The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019. [33] The great majority of the international trade is done within the European Union (EU), whose countries received 71.4% of the Portuguese exports and were the origin of 74.6% of the Portuguese imports in 2020. [34]
After the peak of the pandemic in 2021, While Leão was Minister of Finance, Portugal was also among the first group of Euro area countries to reach a budget deficit below the European limit of 3%. Portugal's fiscal deficit fell from 5,8% in 2020 to 0.3% of GDP in 2022, significantly better than the budget deficit in the eurozone of 3.6% of GDP.
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs ...
Portuguese Republic República Portuguesa (Portuguese) Flag Coat of arms Anthem: A Portuguesa "The Portuguese" Show globe Show map of the European Union Location of Portugal (dark green) – in Europe (green & dark grey) – in the European Union (green) Capital and largest city Lisbon 38°46′N 9°9′W / 38.767°N 9.150°W / 38.767; -9.150 Official languages Portuguese ...