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Reform Support

Improving cash forecasts in Portugal

DG REFORM has been supporting Portugal in improving its cash forecasts. Building upon the experience of three other EU Member States (Ireland, Austria and Finland), the project delivered a new conceptual model on cash forecasting and management. Better cash forecasts resulted in the reduction of the cash buffer maintained by the Portuguese debt and cash management agency since the financial crisis. This allowed debt to be reduced and interest cost savings to be generated.