8. Financial Plan


In the present Financial Plan, ANACOM continues to focus on the improvement of efficiency in its activities and the rationalisation of spending and investment as a strategic priority, seeking progressive reductions in the regulatory fees applied to the sector. This must be accomplished while maintaining the means necessary to take effective action as an independent regulator in a scenario of increasingly demanding and complex regulation, and given the increased powers and responsibilities conferred upon ANACOM's as a result of European directives and national legislation.

Under ANACOM's new Statutes, approved by Decree-Law no. 39/2015 of 16 March, 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 ANACOM employs the services of IGCP - Agência de Gestão da Tesouraria e da Dívida Pública (Portuguese Treasury and Government Debt Agency).

Meanwhile, in 2016, by Administrative Rule no. 21/2016 of 9 February, net income was distributed in respect of 2014, amounting to 40.463 million euros, accomplishing the stipulations of ANACOM's Statutes. Distribution of net income from 2015 remains pending.

In accordance with its statutes, ANACOM's accounting is organised in accordance with the SNC - Sistema de Normalização Contabilística (National Accounting System). The 2017 Budget and the 2017-2019 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.