Former Finance Minister Mário Centeno criticized the government's proposed IRS tax reductions, arguing they disproportionately favor high earners making over 10,000 euros per month rather than those with few resources. He also expressed concern over public spending, citing a 6.2 billion euro discrepancy in 2026 budget execution, which he characterized as a management error.
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Read today’s briefingPolice have stored at least 210,000 litres of seized gasoline in various facilities due to a lack of legal framework to dispose of it or criminalize its transport. The Public Prosecutor's Office is currently seeking a legal solution to clear this fuel, which poses an explosion risk.
The government's proposed 2027 State Budget includes adjustments to IRS tax brackets, minimum income thresholds, and specific tax deductions. These changes are projected to provide annual tax savings ranging from approximately 36 euros for a single taxpayer earning 1,500 euros per month to over 1,300 euros for higher-earning couples with children. These figures are estimates pending the first parliamentary vote on 28 October and the final vote on 24 November.
The Minister of Finance stated that unfreezing tuition fees, resulting in an annual increase of 12 euros (one euro per month), is a measure of social justice for higher education institutions.