The 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.
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The 2027 State Budget proposal includes a 50-euro monthly increase for pensioners in 2027, with pension updates potentially extending through 2029. These measures are contingent upon the approval of the budget by parliament.
The Azores regional government stated that the proposed 2027 State Budget meets expectations, providing 359.1 million euros to the region, including 10.2 million for inter-island territorial continuity. Regional officials are currently negotiating for an increase in the latter amount to reduce regional debt projections, arguing that territorial continuity costs have tripled since 2019.
The government's 2027 state budget proposal allocates 15.8 million euros to the Asylum, Migration and Integration Fund, a 45% increase from the 10.9 million euros estimated for 2026. The funding boost is tied to a planned national integration plan, AIMA staffing and technology upgrades, and efforts to reduce processing backlogs.