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    State Budget

     Portugal’s State Budget in a Nutshell
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    By Fernando Caetano
    In Money, News, State Budget, Tax
    Posted 18 Abril, 2022

    Portugal’s State Budget in a Nutshell

    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 [...]

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     State Budget with €300M for failed banks
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    By Fernando Caetano
    In Banks, Companies, News, State Budget
    Posted 18 Abril, 2022

    State Budget with €300M for failed banks

    Portugal’s State Budget for 2022 has a kitty of around €300 million to help entities linked to Portugal’s failed private banks Banif and the Banco Português de Negócios (BPN). In the budget [...]

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     State closes 2021 with lower deficit
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    By Fernando Caetano
    In Economy, News, State Budget
    Posted 28 Janeiro, 2022

    State closes 2021 with lower deficit

    The Portuguese State has closed 2021 with a public accounts deficit of €8.7Bn for the year which was €2.8Bn less than in 2020. “In 2021 the Public Administration deficit improved by €2.8Bn on [...]

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     Economist says Portugal can turn the corner in 2022
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    By Fernando Caetano
    In Budget Deficit, Economy, News, State Budget
    Posted 3 Novembro, 2021

    Economist says Portugal can turn the corner in ...

    The ex-president of the Council of Public Finances believes that the rejection by parliament of the State Budget 2022 provides an “opportunity” for the country to embark on a policy of [...]

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     Government in bitter split with left wing party coalition
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    By Fernando Caetano
    In News, State Budget
    Posted 27 Outubro, 2021

    Government in bitter split with left wing party...

    The Portuguese Socialist Government under Prime Minister António Costa was in crisis yesterday after the left-wing parties in parliament refused to sign off on the State Budget 2022. The decision [...]

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     Government’s budget proposals will stifle economic activity
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    By Fernando Caetano
    In Associations, Employment, Industry, News, State Budget
    Posted 25 Outubro, 2021

    Government’s budget proposals will stifle econo...

    Some of the proposed additional last-minute changes to Portugal’s labour law outlined in the State Budget for 2022 will be a serious stumbling block to economic development in Portugal. This is [...]

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     Left Bloc votes down State Budget 2022
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    By Fernando Caetano
    In News, State Budget
    Posted 25 Outubro, 2021

    Left Bloc votes down State Budget 2022

    The Left Bloc (Bloco de Esquerda) has voted against the State Budget 2022 because the left wing party does not think it has satisfied several proposals it presented to the government. For [...]

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     Government faces difficult horse trading over budget
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    By Fernando Caetano
    In Economy, News, State Budget
    Posted 18 Outubro, 2021

    Government faces difficult horse trading over b...

    The Portuguese Government is facing tough opposition to its State Budget 2022 from both the right and far left in the Portuguese parliament which, if rejected, could sweep its public accounts off [...]

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     Government introduces two new tax brackets
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    By Fernando Caetano
    In News, State Budget, Tax
    Posted 14 Outubro, 2021

    Government introduces two new tax brackets

    The Portuguese Government is to create two new income tax brackets. It is doing this so it can begin to reduce the tax burden that is currently falling on the Portuguese middle class. The [...]

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     No tax hikes for Portuguese says Leão
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    By Fernando Caetano
    In News, State Budget, Tax
    Posted 13 Outubro, 2021

    No tax hikes for Portuguese says Leão

    Portugal’s Minister of Finance João Leão has pledged that despite a review of tax brackets, no Portuguese will see a rise in taxes. After delivering the proposed State Budget 2022 to the [...]

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