2027 State Budget: Portugal promises more defense and budgetary discipline

Portugal has submitted its 2027 draft budgetary plan to the European Commission, committing to EU-recommended spending limits and pledged increases in defense investment beyond 2% of GDP. The plan outlines intentions to phase out energy-price subsidies by December 31, 2026, and to maintain the sustainability of the pension system through measures against tax evasion and adjustments to the social security stabilization fund.