Economy
Centeno warns of rising public spending and compares Montenegro to José Sócrates
Bank of Portugal Governor Mário Centeno warns that public spending grew 25% between 2024 and 2026, outpacing the 19% economic growth, and criticizes current government fiscal policies. He highlights a 12-billion-euro deviation from fiscal commitments made to Brussels and calls for urgent corrections in the upcoming State Budget to avoid unsustainable spending levels.
Why it mattersThe warnings from the Governor of the Bank of Portugal about unsustainable public spending and fiscal deviations signal that you may face future tax adjustments or changes to social support schemes as the government attempts to realign its budget.
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