Portugal’s socialist government has pledged to cut taxes for its State Budget 2024 and has ruled out creating any new tax bands. But the government will not reveal the extent of its tax cuts [...]

Portugal’s public administration sector managed a 1.1% surplus in the first half of the year according to data from the national statistics institute (INE). The positive balance was €689 million, [...]

The Portuguese State will have to fork out €1Bn more to pay interest to service its national debt, in particular because of its spend on the civil service. But part of the reason is the European [...]

Portugal’s finances minister Fernando Medina has mooted that if government growth forecasts meet a 1.8% target, it might be able to reduce the tax burden by €400 million. The tax relief would be [...]

The European Commission has advised that Portugal should meet European Council recommendations to draw up an “economical” budget. The advice is part of a raft of comments in a document published [...]

Both national and international institutions have identified risks for the Portuguese ministry of Finance in meeting the State Budget for 2023 and of the macroeconomic backdrop that is subjacent [...]

A windfall tax on energy company profits made incidentally because of inflation caused by a lack of supply and increased demand will be introduced by the government. The tax on extraordinary [...]

Portugal’s finance minister will deliver Portugal’s Proposed State Budget for 2023 today (Monday 10 October) with a €3.8Bn raft of financial and other provisions to act as a buffer to [...]

Portugal’s finance minister insisted this weekend that the State will not rake in more than it will pay back to families and companies because of additional revenues from energy companies. [...]

Portugal’s new finance minister and ex-mayor of Lisbon, Fernando Medina, delivered the government’s State Budget for 2022 at the end of last week. The two new main takeaways are that because of [...]