State Budget

Portugal’s draft budget for 2026 has been approved overall in the Portuguese parliament with the ruling centre-right PSD and CDS-PP parties voting in favour and abstentions from the opposition [...]

Portugal’s public spending watchdog, the Council for Public Finances (CFP) has warned that calculations for the country’s budget surplus don’t add up and has called on the government to show more [...]

The government estimates that it can save €1.2Bn of waste by identifying inefficient and ineffective expenditure and looking at ways of making savings in the areas of public administration, heath [...]

The government is to receive €1.7Bn from the sale of Novobanco – at least going a small way towards compensating the estimated €8Bn that the banking sector and tax payers had forked out to [...]

Portugal’s State Budget for 2026 foresees a general reduction in IRC corporation tax to 20% and a reduction to 16% on the first €50,000 of profit for SMEs and SMCs. This is in line with [...]

Portugal’s Finances minister Joaquim Miranda Sarmento pledged a 3.6% increase for employees when he unveiled the government’s outline State Budget for 2026 on Thursday. And the minister pledged a [...]

The Portuguese State posted a surplus of €2Bn to August, an improvement of €1.4Bn on the same period January to August 2024. “Public Administrations (PA) recorded, until August 2025, an overall [...]

IRC tax on small and medium companies and companies of average capitalisation, which is currently being discussed in parliament, should fall to 15% on the first €100,000 of taxable revenues and [...]

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”. [...]