State Budget

The former boss of the UK’s Lloyds Bank, Sir Antonio Horta Osório says that any government surplus should be used to stimulate Portugal’s economy. The celebrity banker, in an interview with the [...]

Portugal’s foreign minister Paulo Rangel says that Portugal will meet its 5% defence commitments to NATO in “two steps”: spending 3.5% of GDP in “clear investment” and “1.5% on infrastructures”. [...]

Continued global and economic uncertainty has made Portuguese companies shy to invest in 2025. Only one-third of companies operating in the country say they are planning to invest more next year [...]

Portugal’s budget surplus was up €5,705,2 million to September according to data from the Directorate-General for the Budget (DGO). The surplus to August had been 11 times less – €475.4 [...]

The European Commission says that Portugal could enjoy a budget surplus of 1% from 2027 after the government had stated there would be no conditions for any meaningful surpluses in 2027 and 2028. [...]

The Government forecasts a growth of the Portuguese economy of 1.8% this year and 2.1% in 2025, according to the macroeconomic scenario of the State Budget for 2025 (OE2025) delivered on Thursday [...]

Portugal’s State Budget for 2025 has been delivered to parliament with the government caving in to the PS opposition to some extent on a tax cut for young people to 35 and on IRC corporation tax. [...]

A former Portuguese Finances minister says that while it would be better if agreement between the governing PSD party and opposition can be reached over the State Budget 2024, it’s not a big [...]

Improved public accounts in the last few years have put Portugal in a comfortable position despite political instability, say leading financial ratings agencies. Both Fitch and DBRS have [...]

The Government has decided not to drop a tax cut for young people under 30 – IRS Jovem – proposed by the previous PS socialist government , but instead has suggested to the PS that [...]