The government's proposed State Budget for 2027 forecasts a 0.1% surplus, supported by an estimated economic growth of over 2%. Projections for both 2026 and 2027 remain close to equilibrium, maintaining small positive balances.
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 briefing
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.
Portugal recorded a budget surplus of 249.3 million euros between January and August 2026, a decrease of 1.799 billion euros compared to the same period in 2025. The decline is primarily attributed to a drop in the Central Administration's balance, even when excluding debt regularization payments for the public health service (SNS).
The Socialist Party (PS) is submitting 180 amendment proposals to the 2027 State Budget, focusing on housing and cost-of-living issues. The party maintains that these proposals keep the government's budget balance intact, with the deadline for submitting such amendments ending today, Friday 6 November 2026.