The Minister of the Economy stated that Portugal does not have excessive tourism, though acknowledging it may occur in specific areas and periods. He argued that increasing the sector's value—rather than just the number of overnight stays—is essential to improving low wages in the industry, and noted that the final vote on the 2027 State Budget is scheduled for 24 November.
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The government has spent 3.03 billion euros from the Recovery and Resilience Plan (PTRR) on storm damage recovery from early 2026. The 2027 State Budget proposal allocates an additional 970 million euros for next year, while also increasing direct transfers to municipalities by 6% and to parishes by 8.2%.
The Public Finance Council suggests that the special IRS withholding tax tables (tabelas de retenção na fonte) implemented throughout 2026 may result in a larger-than-expected impact on the state's budget, potentially affecting how much tax individuals have already paid versus what is owed.
The Minister of Economy and Territorial Cohesion stated that Portugal's GDP per capita remains at roughly 80% of the European average, the same level as 30 years ago. He argued that closing this gap requires sustained economic growth above the European average, with a goal of reaching parity by 2043, while noting that the government has implemented six IRS tax cuts.