The IMF projects budget deficits for Portugal starting this year, contrary to government expectations. However, experts suggest there is still room for maneuver in public accounts, while noting that the IMF also predicts an eventual fiscal adjustment for France that could avert a broader Eurozone debt crisis.
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Portugal will transition to winter time in the early hours of Sunday, 25 October. While the European Union has been debating the abolition of seasonal time changes for eight years, a new study may help resolve the current impasse.
European Union transfers to Portugal are set to decline significantly in 2027. While the 'Portugal 2030' program is expected to provide approximately 5 billion euros, the conclusion of the Recovery and Resilience Plan (PRR) will lead to a 31% reduction in public investment.
The managing director of the IMF warned during a speech in Singapore that governments must now prioritize fiscal consolidation and that central banks will maintain restrictive interest rates.