The Irish Presidency of the European Union released its proposal for the next long-term EU budget this Saturday. The budget negotiations continue to show a divide between cohesion-focused countries and 'frugal' member states, while the European Parliament is calling for a larger and more ambitious budget.
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Portugal's Prime Minister and 16 other EU leaders sent a letter to the Irish presidency of the Council of the EU urging that the Common Agricultural Policy (CAP) and cohesion funds be preserved in the upcoming 2028–2034 EU budget. They argue that additional funding for new strategic priorities should come from new revenue sources or debt instruments, rather than cutting these established policies or maintaining current rebate systems for some member states.
European leaders are gathering in Brussels to discuss energy price management and the community budget. The talks aim to reach consensus on bloc-wide policies that could influence future energy costs and economic planning for member states, including Portugal.
The Minister of Agriculture and Sea announced that the 2027 budget for his ministry is set at approximately 1.625 billion euros, representing a 10% increase compared to the 2026 budget excluding European recovery funds (PRR). The final vote on the 2027 State Budget is scheduled for 24 November.