State Budget

Portugal’s public administration sector managed a 1.1% surplus in the first half of the year according to data from the national statistics institute (INE). The positive balance was €689 million, [...]

The Portuguese State will have to fork out €1Bn more to pay interest to service its national debt, in particular because of its spend on the civil service. But part of the reason is the European [...]

Portugal’s finances minister Fernando Medina has mooted that if government growth forecasts meet a 1.8% target, it might be able to reduce the tax burden by €400 million. The tax relief would be [...]

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 [...]