Economy
Minister of Finance presents 2027 State Budget proposal
The government has submitted the 2027 State Budget, which includes a rise in the national minimum wage to 970 euros and a 3.88% update to IRS tax brackets. The budget maintains existing housing support for youth under 35 (public guarantees and IMT/Stamp Duty exemptions) and plans to adjust university tuition fees by the inflation rate starting in the 2027/2028 academic year. The bill is set for a general parliamentary debate on October 27 and 28, with a final global vote expected on November 24.
Why it mattersThis budget proposal confirms upcoming shifts in tax brackets and the minimum wage that will affect your net income in 2027, as well as the continuation of youth housing incentives.
