State Budget

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 [...]

The Government has forecast real growth of 2% between 2024 and 2025, as well as an increase of 4% to 4.5% in tax revenue and 8% in primary expenditure this year. According to SIC Notícias, the [...]