The PS National Commission has unanimously agreed to the party's stance of abstaining on the 2027 State Budget. The party president stated this decision aims to avoid political instability and government interruption amidst the current international crisis, but emphasized it does not signal approval of the government's budget.
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The Irish presidency of the European Union has proposed a 140 billion euro cut to the post-2028 community budget, but 'frugal' member states including Germany and the Netherlands are demanding deeper reductions. While Portugal has secured additional funding as of June, it is still negotiating to secure an extra 900 million euros for Madeira and the Azores.
The government's proposed 2027 state budget relies on projections of increased employment and wage growth to boost Social Security contributions and avoid a budget deficit. The Public Finance Council (CFP) has expressed skepticism, noting that the government's economic growth and labor market assumptions may be overly optimistic.
The number of working individuals aged 65 or older reached 129,000 in 2025, an increase of 15,000 compared to 2024. All of these individuals contributed to Social Security.