State Budget

The Bank of Portugal warned today that government measures approved over the last few weeks, and others currently under discussion in parliament, could put Portugal’s public finances back in the [...]

The Portuguese government will have to pay €228 million to compensate investments made by energy giant EDP over a dam project that was cancelled.  And worse is that the cancellation made by the [...]

A study on the ‘Impact of IRC on the Portuguese Economy’ has concluded that reducing IRC on companies would have positive consequences for Portugal’s GDP. However, the loss of revenues for the [...]

A unit set up to provide recommendations, support and advice to the government on keeping public spending in check has issued warnings on a number of issues including expenditure, the impact of [...]

Portugal’s tax authorities have introduced a new measure whereby assets held in offshore accounts will have to be declared from next year. The move will also include income from capital derived [...]

Portugal’s President Marcelo Rebelo de Sousa has given the green light for the last budget of the PS government that is acting in a caretaker capacity until the country goes to the polls on [...]

Portugal’s budget surplus grew almost three-fold on what had been announced in August to €7.2Bn to September. In August the budget surplus had been calculated at €2.6Bn according to the Finance [...]

A former Portuguese minister of Finances said that the government has a very limited margin to continue reducing taxes in Portugal because of the cost of pensions and health. In an interview last [...]

Portugal’s Finance Minister Fernando Medina handed the State Budget for 2024 to the Portuguese parliament yesterday with a raft of give-aways that are prudent but aim to help low income and [...]

Portugal’s socialist government has pledged to cut taxes for its State Budget 2024 and has ruled out creating any new tax bands. But the government will not reveal the extent of its tax cuts [...]