madeira.news
Economy · Funchal · 29 September 2026

Court of Auditors finds 2025 State General Account non-compliant

The Court of Auditors declared the 2025 State General Account non-compliant with budgetary law, citing significant omissions and errors.

Court of Auditors finds 2025 State General Account non-compliant

The Court of Auditors (TdC) has issued a non-compliance opinion for the 2025 State General Account, stating that it does not comply with the Budgetary Framework Law.

The main deficiency noted is the continued absence of consolidated budgetary and financial statements from Central Administration and Social Security. This omission prevents a complete overview of the State's financial situation and made it impossible for the TdC to certify the account, undermining political control and the assessment of risks to public finances.

The opinion also highlights relevant omissions regarding public debt, financial assets, real estate assets, and contingent liabilities. Errors were identified that undervalued revenue and expenditure by at least 331 million euros, affecting the transparency and integrity of the financial information.

More in Economy