Local Politics

Seguro welcomes rapprochement between Government and PS on the Budget. "There is no time to lose"

The President of the Republic, António José Seguro, publicly welcomed the ongoing negotiations between the government and the Socialist Party regarding the upcoming State Budget. During his speech on the Day of the Proclamation of the Republic, he called for a new political culture focused on long-term consensus and warned against the erosion of institutional trust caused by bureaucratic delays in licensing and public services.

CNN Portugal· 1mo agoRead original ↗

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Local Politics

Seguro expects "fruitful debate" on State Budget to improve people's lives "in a very difficult time"

The President of the Republic stated his expectation for a constructive parliamentary debate on the 2027 State Budget, which is being delivered to parliament this Thursday. He emphasized the need for national stability to improve citizens' quality of life during a difficult economic period, while noting that the budget process is a responsibility of the Government and political parties.

CNN Portugal· 1mo agoRead original ↗

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Labor & Taxes

State Budget Proposal: IRS solidarity tax from the 'troika' era aligned with the 9th bracket

The 2027 State Budget proposal increases the income threshold for the additional IRS solidarity tax, raising it from 80,000 euros to 89,995 euros to align with the new 9th tax bracket. The 2.5% surcharge will now apply to income between 89,995 euros and 250,000 euros, while the 5.0% rate applies to income exceeding 250,000 euros.

RTP· 1mo agoRead original ↗

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Economy

"Sooner or later there will be a recession" and there are doubts whether Portugal is prepared. There is a budget surplus but "the sheet is fully stretched"

The Public Finance Council (CFP) warns that while the state budget projects a 0.1% surplus for 2027, the central government's deficit is projected to reach 2.8% of GDP. This surplus is heavily dependent on the social security sector, which is vulnerable to economic cycles and potential shifts in employment.

CNN Portugal· 1d agoRead original ↗

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