The present multi-annual financial plan remains closely aligned with Portugal's current phase of economic and financial recovery.
It is in this context that ANACOM is committed to the continued promotion of efficiency in its activities and the continued 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. Meanwhile, it is essential that ANACOM also retains its capacity to act effectively as an independent regulator, in a scenario of increasingly demanding and complex regulation and given its increased powers and responsibilities as a result of European directives and national legislation.
In 2015, ANACOM's new Statutes were approved, conferring new powers and responsibilities, so that the present budget and Plan are the first to be prepared under their scope.
Under these Statutes, it is set out that ANACOM is financially independent, endowed with resources as are necessary and appropriate for the accomplishment of its functions and with autonomy as regards the management of its finances and assets.
ANACOM is not subject to the public accounting rules or to the regime of autonomous funds and services, except in respect of net income resulting from the use of assets of the public domain (for example, the radio spectrum), which income shall revert to the Portuguese State under terms defined by Administrative Rule of the Government.
The new Statutes also make ANACOM subject to the State Treasury regime, whereby, since the end of 2014, ANACOM has employed the services of IGCP - Agência de Gestão da Tesouraria e da Dívida Pública (Portuguese Treasury and Government Debt Agency) in the majority of its treasury activities.
It should be further noted that in June 2015, by Resolution of the Council of Ministers, net income was distributed in respect of 2010, 2011, 2012, and 2013, amounting to 60.376 million euros. These transfers reduced the amount of available cash, resulting in a reduction in income derived from its application (financial interest).
In accordance with its statutes, ANACOM's accounting is organized in accordance with the SNC - Sistema de Normalização Contabilística (National Accounting System). The 2016 Budget and the 2016-2018 Financial Plan have been prepared in accordance with the rules of the SNC and reflect the financial quantification as is appropriate and necessary for the execution of activities set out in the multi-annual plan, as presented above.
- 8.1 2016 Budget https://www.anacom.pt/render.jsp?categoryId=383936
- 8.2 2016-2018 Financial plan https://www.anacom.pt/render.jsp?categoryId=383937
