The 2027 State Budget passed its viability vote without surprises, with housing emerging as a central theme during the debate. The PSD called on the opposition not to distort the document.
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The European Investment Bank (EIB) has approved a 300-million-euro loan to Portugal to fund the construction of affordable housing. This funding is intended to increase the supply of housing units available at accessible price points.
During the final debate on the 2027 State Budget, Minister of the Presidency António Leitão Amaro stated that any proposals for additional spending or tax cuts must be balanced by corresponding cuts or tax increases elsewhere. The Minister also condemned violence during housing protests, citing the President of the Republic's recent remarks on the necessity of respecting the law while exercising freedom.
The IRS Jovem (Youth IRS) tax scheme is set to become the most expensive tax benefit for the Portuguese state in 2027, with an estimated effective cost exceeding one billion euros. This figure excludes 'theoretical' tax breaks, highlighting the significant fiscal weight of the measure as it currently stands.