Economy
Portugal highlights wage growth in 2027 budget debate
The proposed 2027 State Budget, currently undergoing parliamentary debate, includes an increase of the national minimum wage to 970 euros and salary rises for public administration workers. It maintains IMT and Stamp Duty exemptions for first-time homebuyers aged 35 or under, and introduces tax incentives for moderate-rent agreements, including a 1,000-euro rent deduction for tenants and a 10% tax rate for landlords. The final overall vote on the budget is scheduled for 24 November.
Why it matters
If you are a worker or prospective homebuyer, this proposal outlines specific financial changes—such as higher minimum wages and tax relief for young first-time buyers—that may affect your household income and housing costs if the budget is approved on 24 November.The Portugal NewsRead original ↗
