Ent Publicas

Overview

The state treasury regime (RTE), established by Decree-Law No. 191/99, of June 5th and reinforced annually by the State Budget Law (LOE), defined the principle of the State Treasury Unit (UTE), according to which all public fund movements must be centralized in bank accounts at IGCP.

 

The UTE is, therefore, a fundamental instrument for optimizing the management of liquidity and state financing. The increase in efficiency in this activity allows for significant savings in public debt charges, either through the reduction of the annual financing amount in the market or through the margin of flexibility introduced in the intra-annual scheduling of that financing.

 

The universe of public entities covered by compliance with the UTE (clients of the State treasury) has been expanded by successive LOEs, currently defined by:

 

  • Integrated Services (SI);
  • Autonomous Services and Funds (SFA);
  • Reclassified Public Entities (EPR - entities that, regardless of their nature and form, have been included in each subsector within the scope of the European System of National and Regional Accounts, in the latest list of entities that make up the public administration sector released by INE until June 30th. This group includes Financial and Non-Financial Public Companies of the state business sector that have been reclassified (EPNFR and EPFR);
  • Non-Financial Public Companies of the state business sector, not reclassified by INE (EPNF).

 

To this universe of State treasury clients, are associated entities not subject to the State Treasury Unit (ONSUTE), such as Social Security, Autonomous Regions, and Municipalities, which, although not legally required, may hold accounts at IGCP.

 

Legislation applicable to UTE: