8. Financial plan


ICP-ANACOM's 2015-2017 multi-annual financial plan will continue to pay close attention to the current phase of economic and financial recovery that Portugal is experiencing.

It is in this context that ICP-ANACOM is committed to the continued promotion of efficiency in its activities and the rationalisation of expenditure and investment, leading to further reductions in the regulatory fees charged to the sector. However, because of the efforts already made in recent years to reduce outgoings, the scope for additional expenditure cuts is more limited. Furthermore, ICP-ANACOM must also retain its capacity to act effectively as an independent regulator, in a scenario of increasingly demanding and complex regulation, given its increased powers and responsibilities as a result of European directives and national legislation.

In accordance with its statutes, the accounts of ICP-ANACOM are organized according to the SNC - Sistema de Normalização Contabilística (Accounting Standardisation System). The 2015 budget and 2015-2017 financial plan, prepared in accordance with the rules of the SNC, reflect the financial quantification as is appropriate and necessary for the execution of activities set out in the multi-annual plan.