Public services to require 25% more taxes
Retaining current levels of public service spending in Portugal will require citizens in the long term to pay 25% more taxes and retire later. This is because people are living longer according [...]
Retaining current levels of public service spending in Portugal will require citizens in the long term to pay 25% more taxes and retire later. This is because people are living longer according [...]
Tributes flooded in over the weekend after the death of respected economist Teodora Cardoso who dedicated her life to sustainable and responsible spending in Portugal’s public finances. The woman [...]
Around 80% in the reduction of Portugal’s deficit in 2022 was down to economic growth rather than actions by the government. Negócios reports that a reduction in interest rate costs was [...]
Socialist parties are usually known for taxing taxpayers to the hilt, but not in the case of Portugal’s governing PS socialist party which has pledged to make a major tax giveaway; perhaps the [...]
The Portuguese State’s direct debt increased €12.9Bn in December 2022, to almost €287Bn in a new record. The Portuguese State has never been so indebted in terms of direct debt, and December was [...]
Overseas concerns that Portugal’s housing market might be overheated raised its head again this week. This time the concerns were not from analysts but the European Commission, which in its [...]
The Portuguese State registered a surplus of €5.2Bn in its public accounts to September, 2022. The information, which was released by the Ministry of Finances, was an improvement of €9.9Bn on the [...]
The Council of Public Finances (CFP), an independent public spending watchdog led by Nazaré da Costa Cabral, foresees a debt and deficit higher than government forecasts. The CFP states in a [...]
Last week, addressing a group of hoteliers and hospitality sector leaders at a the annual AHRESP Congress (Associação da Hotelaria, Restauração e Similares de Portugal) a secretary of State [...]
The President of the Council of Public Finances, Nazaré da Costa Cabral has suggested the National Health System (SNS) could be financed by an Ireland-style ‘social insurance’ scheme. It would [...]