The Government intends to expand the possibilities for using budget surpluses through the revision of the Budget Framework Law proposal. The proposal maintains debt amortization as a priority while it exceeds 60% of GDP, but introduces significant changes.
The new version of the law now admits that, beyond the creation of reserves, Parliament may decide other purposes for surpluses through new legislation. This change represents a flexibilization compared to the previous version.
Debt amortization continues to be the priority destination when the public debt ratio exceeds 60% of Gross Domestic Product, thus maintaining the fiscal discipline required by European rules.
This revision arises in the context of the debate on the management of budget surpluses and represents a compromise between public finance sustainability and greater flexibility in resource allocation.
