The draft 2027 State Budget proposes a reduction in total infrastructure investment to €843 million. Rail investment is set at €736 million, including high-speed projects and airport links, while road investment will decrease significantly to €107 million compared to €229 million in 2026.
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The environmental association Zero has criticized the 2027 State Budget proposal, arguing that it prioritizes tax cuts over ecological transition and climate change prevention. The group claims the budget lacks specific investments in waste management, water resource monitoring, and a clear roadmap for ending fossil fuel subsidies by 2030, while noting that a large portion of 'green' funds are allocated to repairing storm damage rather than proactive prevention.
Parliament approved a proposal to reduce IRS tax rates for the first six income brackets to 12.2%, 15.2%, 20.7%, 23.6%, 30.6%, and 34.6%, effective from December. Additionally, a temporary fuel tax (ISP) discount was extended until December 31, and new VAT rules were approved to improve fuel sector traceability.
The Minister of Finance has finalized the 2027 State Budget proposal ahead of the official deadline for its delivery.