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.

2020 State Budget analysis

Budget Watch has returned to its eleventh edition with the State Budget review for 2020.

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, through the completion of a Questionnaire. The answers are compiled resulting in the IPP/ISEG Budget Index, a index from 0 to 100, of the rigor and transparency of successive Budgets.

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.

The Scientific Advisory Council has as members, António Afonso (ISEG-U. Lisboa), Carlos Farinha Rodrigues (ISEG-U. Lisboa e IPP), Eduardo Costa (NOVA-SBE), Francesco Franco (NOVA-SBE e IPP), Francisca Guedes de Oliveira (U.Católica Porto e 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 e IPP), Manuela Arcanjo (ISEG-U. Lisboa), Miguel Cadilhe (U. Porto), Patrícia Melo (ISEG-U. Lisboa), Paulo Trigo Pereira (ISEG-U. Lisboa e IPP), Pedro Pita Barros ( NOVA-SBE e IPP), Ricardo Cabral (IPP e U. Madeira), Ricardo Reis (LSE), Susana Peralta (NOVA-SBE) and Teresa Garcia (ISEG-U. Lisboa).


Questionnaire (In Portuguese)


Report Budget Watch (In Portuguese)

Executive summary – Report Budget Watch (In Portuguese)

Team (last edition)

Paulo Trigo Pereira

Senior research fellow - Coordinator

Joana Andrade Vicente

Research fellow

Joaquim Miranda Sarmento

Senior Reseacrh Fellow

José Alves

Senior Research fellow

Eduardo Costa

Teresa Garcia

Francisco Nunes

Senior Research fellow