The government has projected a revenue of 3.8 billion euros from the Tax on Petroleum Products (ISP) for 2027, which would mark a new record high. This follows a downward revision of the revenue originally expected for 2026, which was initially budgeted at 4.2 billion euros.
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The 2027 State Budget proposal allocates 3.855 billion euros to higher education, science, and innovation, a 7.6% decrease compared to 2026 estimates. The budget includes 125 million euros for social action and student welfare, with full implementation of the new scholarship regulation scheduled for the 2027/2028 academic year.
The 2027 State Budget proposal increases the income threshold for the additional IRS solidarity tax, raising it from 80,000 euros to 89,995 euros to align with the new 9th tax bracket. The 2.5% surcharge will now apply to income between 89,995 euros and 250,000 euros, while the 5.0% rate applies to income exceeding 250,000 euros.
The State Budget proposal for 2027 allocates 512.2 million euros to the Ministry of Foreign Affairs, a 7.7% increase from 2026. Key spending areas include Portugal's upcoming term on the UN Security Council, continued support for Ukraine, and the planned opening of new diplomatic missions in the Philippines, Azerbaijan, and Nepal.