The government has begun briefing the opposition on the general outlines of the 2027 State Budget. According to Chega, the executive is projecting a budget surplus of up to 0.2% for the coming year.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
It's free, with no signup and no app to download.
Read today’s briefingThe government's 2027 State Budget proposal projects a Social Security surplus of 8.38 billion euros, an 8% increase from 2026. This outlook is driven by an expected 7.8% rise in contributions, based on a forecast of 2.1% GDP growth and a 4.5% increase in wages per worker.
The Public Finance Council (CFP) notes that while the government's projected budget surplus is plausible, their analysis is hindered by a lack of transparency and clarity in the data provided by the executive. The council continues to face difficulties in fully assessing several government forecasts due to insufficient information.
The Public Finance Council (CFP) considers the Government's forecast of a 0.1% GDP budget surplus for 2027 to be plausible, but warns that certain economic measures could threaten the budgetary targets.