The Minister of Finance presented the 2027 State Budget (OE2027) proposal, prioritizing the continued reduction of public debt, which is projected to fall below 85% of GDP next year. The proposal includes a 2.1% economic growth forecast for 2027 and a projected budget surplus of 0.1%.
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The Minister of Finance stated that public debt reduction remains the government's top priority, projecting it to fall below 85% of GDP by 2027. The state budget proposal for 2027, already delivered to Parliament, forecasts 2.1% economic growth for 2027 and a 0.1% budget surplus.
Finance Minister Joaquim Miranda Sarmento stated that Portugal aims to reduce public debt to 84.5% of GDP in 2027, with a long-term goal of falling below Germany's debt level by 2031. He defended the state budget proposal for 2027, acknowledging a reduction in global public investment compared to the previous two years, while noting that investment levels remain above the average of the decade preceding 2025.
Finance Minister Joaquim Miranda Sarmento is heard in parliament at 10:00 on Friday 23 October, marking the start of the general discussion of the 2027 State Budget. The proposal, delivered on 8 October, projects economic growth of 2.3% this year and 2.1% in 2027, with a balanced budget this year and a 0.1% surplus in 2027. General debate and voting take place between 27 and 28 October, with guaranteed approval following the Socialist Party's announcement of abstention.