The General Account of the State of 2024 (CGE 2024), the largest and main document that portrays the financial situation of Portuguese public administrations, was spoiled by the Court of Auditors (TDC), announced, this Wednesday, the institution presided over since October last year by Filipa Urbano Calvão.
The court delivered the opinion on the CGE this Wednesday, but should have done so, according to the law, until the end of September.
In the opinion, the TDC indicates that “the judgment issued is non -compliance with the Budget Framework Law because the account does not integrate the consolidated budgetary and financial statements of central administration and social security, which impossible to certification by the Court.”
This court also includes “reserves and emphasis on reporting, namely in the public debt, the State’s financial asset portfolio, real estate assets and contingent responsibilities.”
“And also for materially relevant errors that undervalued the revenue and expense, as well as irregular accounting of amounts received for the financing of expense frameal in the Plan of Recovery and Resilience (PRR)”, laments the auditors collective.
Treasury certificates won and were not paid to customers
The opinion also identifies “cases of incorrect classification and reporting of financial flows with regional, local and the state business sector and states that the amounts related to won and unpaid treasury certificates are somelored.
Thus, the court decided to submit “69 recommendations to the Government and the Assembly of the Republic, including a new regarding the process of conversion of Aforro certificate physical securities for their impact on families.”
Regarding the implementation of the reform of public finances, “the opinion realizes that, of the total financing provided for in the PRR for this reform, only 5.2% are executed [até ao final de 2024]and identifies the lack of essential developments, namely regarding the level of information systems and the qualification of human resources, as well as the calendar of implementation. “