The Azores regional government stated that the proposed 2027 State Budget meets expectations, providing 359.1 million euros to the region, including 10.2 million for inter-island territorial continuity. Regional officials are currently negotiating for an increase in the latter amount to reduce regional debt projections, arguing that territorial continuity costs have tripled since 2019.
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The government's proposed 2027 State Budget, submitted on Thursday, includes a 3.88% update to IRS tax brackets. VAT rates and fuel taxes remain unchanged from their current levels.
The government's 2027 state budget proposal allocates 15.8 million euros to the Asylum, Migration and Integration Fund, a 45% increase from the 10.9 million euros estimated for 2026. The funding boost is tied to a planned national integration plan, AIMA staffing and technology upgrades, and efforts to reduce processing backlogs.
The 2027 State Budget proposal allocates 174 million euros specifically for the expansion of Lisbon and Porto metro networks, including 60 million for the Lisbon Circular Line and 90 million for the Red Line extension. Additionally, 338 million euros is earmarked for the new 'Violet Line' connecting Loures and Odivelas, while Porto's projects include funding for the Yellow, Pink, and Ruby lines.