Press release
Ponta Delgada
Secretaria Regional das Finanças, Planeamento e Administração Pública
Following news reports on the December 2025 Budget Implementation Report, the Government of the Azores would like to clarify the following:
The aforementioned "worsening of the budget balance of the direct regional administration" is simply what was forecast in the 2025 Budget, and therefore represents nothing new, as the budget included €150 million for the conversion of commercial debt into financial debt and €75 million into net debt.
The figure of -€219.6 million is essentially the result of these two financing operations carried out in 2025 - €150 million for the conversion of commercial debt into financial debt and €70 million to finance the Plan.
The situation in 2026 will show significant improvements, with no conversion of commercial debt into financial debt and no net debt, as provided for in the Regional Budget for 2026.
