2007 - 2012

Last updated on 20 November 2024

In 2007, through the publication of Decree-Laws 86/2007 and 273/2007, the IGCP received a new designation, Treasury and Public Credit Management Institute, I.P. With the realization of the provision set out in the statutory preamble, the mission is expanded, now managing the Treasury and the direct public indebtedness of the State in an integrated manner.

 

As of September 1, 2007, the IGCP began to have a new organizational chart and to carry out the new functions of the Treasury, which until then were assigned to the Directorate-General of Treasury and Finance - DGTF.

 

The Aforronet, created in June 2007, is a service that the IGCP makes available to its Clients to process requests for subscription to saving products on sale and for redemption of Treasury Certificates and Series E Savings Certificates, as well as inquiries about their portfolio.

 

In 2008, Series C of the Savings Certificates was created through Ordinance 73-A/2008.

 

In 2010, a long-term public debt instrument was created, a retail product, the Treasury Certificates (RCM 40/2010), with subscriptions being suspended on August 31, 2012, through Instruction No. 2-A/2012.

 

The integration of the State Treasury with Public Debt increasingly aligns with international trends, where the main objective is to achieve efficiency gains in the State's financial management; Treasury balances will be used to partially offset debt balances, reducing outstanding debt and the consequent financial burdens on the State.

 

In August 2012, with the publication on August 28 of Decree-Law 200/2012, a new and significant transformation in the institution began, being designated the Treasury and Public Debt Management Agency - IGCP, E.P.E., that is, it became a public enterprise entity.

 

Thus, in addition to managing the treasury and public debt, it also took on the following responsibilities:

  • responsibility for managing the debt of public business sector entities; 
  • coordinating the financing of funds and services with administrative and financial autonomy; 
  • auctioneer competency in the context of the European regulated market for greenhouse gas emission license auctions.

 

On August 31, the Ordinances 268-C/2012 and 268-D/2012 were published, stipulating the new compensation conditions for the Savings Certificates.