The State Budget (OE) is a financial management instrument that is prepared by the country's executive body to be in force for a certain period, normally the calendar year. The document provides the expected revenue available and the respective allocation to expenses related to the goals that the Government intends to achieve. Although with very discretionary levels of detail and formalization, all economic units – Families, Companies and the State – budget their income and expenses. The State has the greatest degree of decision latitude in allocating expenses, as it reconciles its legal powers to explain the composition and amount of its revenues and expenses. The State also has the capacity to finance itself when a possible budget deficit is expected, either through the creation of currency by the European Central Bank or through the use of credit. Its discretion and the weight of the State in the economy shape the responsibility required of it when considering, with criteria and rigor, the impacts, direct and indirect, that its decisions intend to enshrine in the following calendar year. This results in a position, also prominent, regarding the mechanisms for monitoring and controlling its implementation throughout the year. In a democratic regime like ours, this requires transparency and efficiency regarding accountability at the end of each budgetary year. The focus of the Conference will be the presentation of the budgetary process as a whole with regard to the size of public revenue and expenditure, in the midst of an increasingly uncertain international crisis, triggered by fluctuations in the prices of raw materials and the risk high potential for creating barriers to international trade.
Moderator
speakers
Antonio Duarte Santos
António Duarte Santos. PhD in Economics, specializing in Public Economics and Regulation. Master in Management and Public Administration. Postgraduate in Banking Management. Degree in Economics. Professor at the Autonomous University of Lisbon. Researcher at CARS – Center for Economic Analysis of Social Regulation. Member of ENHR – European Housing Research Network. Member of ASEPELT – International Association of Applied Economics. Member of the American Association of Economists (AEA). Associate Member of the Public Policy Institute (IPP). Associate of SEDES – Association for Economic and Social Development. Member of MIL – Lusophone International Movement. Associate Member of APM – Portuguese Management Association.
Speaker
speakers
Rui Nuno Baleiras
Coordinator of the Technical Budget Support Unit (UTAO) of the Assembly of the Republic; Professor of Economics at the University of Minho