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 [...]

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 [...]

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 [...]

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 [...]

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 [...]