The municipalities of Sintra, Abrantes and Óbidos lead, in the large, medium and small categories, respectively, the ranking 2024 performance report prepared in the Municipal Financial Yearbook.
A document prepared by the Accounting and Taxation Research Center of the Polytechnic Institute of Cávado and Ave (CICF/IPCA) was presented this Tuesday, with the support of the Order of Certified Accountants (OCC) and the Court of Auditors (TdC), which reveals the Portuguese cities with the best financial performance.
Os rankings of the Financial Yearbook are prepared based on a score that can go up to 1,900 points, encompassing 10 indicators: liquidity index, ratio between EBITDA (earnings before interest, taxes, depreciation and amortization) and operating income, weight of liabilities required in assets, liabilities per inhabitant, financial coverage rate for expenses incurred in the year, average payment term, degree of execution of the effective leap, total debt index 2021, debt index ‘surplus’ [excedente] and direct taxes per inhabitant.
According to the yearbook, “a total of 222 municipalities scored less than 950 points (less than 50% of the total score)” and “the majority of the remaining municipalities (58 out of 86) scored between 50% and 70% of the total score”.
Top-1 dominated in the south
Thus, we large municipalitieso, the list is led by Sintra (Lisbon district), with 1,695 points, followed by Maia (Porto), with 1,683 points and Amateur (Lisbon), with 1,554 points.
give us medium sizeo ranking is led by Abrantes (Santarém), with 1,554 points, followed by Tavira (Faro), with 1,504 points, and White Castlewith 1,493 points.
We already smaller municipalitiesthe rating is headed by Óbidos (Leiria), with 1,606 points, followed by Murtosa (Aveiro) with 1,583 points and Santa Cruz das Flores (Autonomous Region of the Azores), with 1,573 points.
Of the 100 municipalities with the best classification, “13 are large, 35 are medium-sized and 52 are small”, thus concluding in the yearbook that in the ‘top 100’ list “50% of large-sized municipalities, 36.5% of medium-sized municipalities and 28% of small-sized municipalities are represented”.
“It appears that the Small municipalities are those that have the greatest difficulty in integrating the ranking of the 100 best municipalities, in terms of financial effectiveness and efficiency, a situation justified, essentially, by the low value of their own revenues, particularly those arising from taxes”, can be read in the document.
By district, “it appears that the districts of Faro and Lisbon, as well as the Madeira Region, manage to include half or more of their municipalities in the list of 100 municipalities with the best global evaluation in terms of effectiveness and financial efficiency”, can be read in the document.
