Budget Watch

Budget Watch, a partnership between the Institute of Public PolicyISEG (University of Lisbon) and Deloitte Portugal since 2013, is a project that aims to analyze the State Budget Proposal from the perspective of rigor, transparency and budgetary responsibility .

The analysis is exclusively technical, independent and objective, in light of good international reporting practices of the budget process, on issues such as:

  • The Budget rigor and responsibility;
  • Transparency and quality of the budgetary procedure;
  • The ability to control public consumption expenditure, especially in the most relevant sectors;
  • The sharing of efforts between Central, Regional and Local Administrations in the containment of public expenditure;
  • The transparency of flows between the Public Administrative and Business Sector;
  • The way future responsibilities (Public-Private Partnerships, guarantees, pensions) are properly considered.

Project outputs

The main activity of the project lies in the analysis of the State Budget by the Budget Watch’s Scientific Advisory Council from the perspective of 10 principles of budgetary responsibility, each of the items being evaluated through the completion of a Questionnaire.

The answers to the Questionnaire are compiled and object of statistical treatment and qualitative analysis, resulting in the IPP/ISEG Budget Index, a synthetic index, from 0 to 100, of the rigor and transparency of successive Budgets, and an analysis of each dimension.

Council’s review is complemented by a report prepared by an IPP/ISEG team (the Budget Watch Report), which brings together most of the relevant information and provides a first examination of the State Budget Proposal.

The State Budget is further analyzed by the Business Scientific Council, composed of business leaders in Portugal, from the point of view of some sectoral policies and especially tax ones, analyzing their business friendly characteristics. This analysis gives rise to the Deloitte Pro-Business Index.

2019 State Budget analysis

Budget Watch has returned to its tenth edition with the State Budget review for 2019.

In terms of budgetary rigor and transparency, the conclusion was that: “Any improvements in transparency and quality of reporting in budget documents are at best slight. Some improvements are countered by continual absences or removals of pictures and narrative information. “

This led the Scientific Advisory Council to assign a score of 45.5 points to the 2019 State Budget, corresponding it to the “insufficient” level. The members of the Council that participated in the survey of this edition were: António Afonso (ISEG-U. Lisboa), Daniel Carolo (ISEG-U. Lisboa), Eduardo Costa (NOVA-SBE), Francesco Franco (NOVA-SBE and IPP), Francisca Guedes de Oliveira (U. Católica Porto and IPP), Francisco Nunes (ISEG-U. Lisboa), Joana Andrade Vicente (IPP), João Duque (ISEG-U. Lisboa), João Ferreira do Amaral (ISEG-U. Lisboa), Joaquim Miranda Sarmento (ISEG-U. Lisboa), Jorge Santos (ISEG-U. Lisboa), José Alves (IPP), José Silva Costa (FEP-U. Porto), Linda Veiga (U. Minho), Luís Teles Morais (NOVA-SBE and IPP), Manuela Arcanjo (ISEG-U. Lisboa), Miguel Cadilhe (U. Porto), Patrícia Melo (ISEG-U. Lisboa), Ricardo Cabral (IPP and U. Madeira), Ricardo Reis (LSE) and Susana Peralta (NOVA-SBE).

(In Portuguese)

(In Portuguese)

(In Portuguese)

Team (last edition)

João Ferreira do Amaral

Senior research fellow - Coordinator

Joana Andrdade Vicente

Research fellow

Joaquim Miranda Sarmento

Senior Reseacrh Fellow

Daniel Carolo

Senior Research Fellow

Francesco Franco

Senior Research Fellow

José Alves

Senior Research fellow

Eduardo Costa