The Portuguese state collected €41.592 billion in tax revenue from January through August 2026, a 4.7% increase compared to the same period in 2025. This growth was driven primarily by an 8.8% increase in net VAT (IVA) revenue and a 7.1% rise in personal income tax (IRS) receipts, despite higher tax refund payments across all categories.
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Social Security recorded a budget surplus of 5,122.7 million euros up to August, up from 4,408.4 million euros during the same period in 2025. Effective revenue reached 31,503.6 million euros, while effective expenditure stood at 26,380.8 million euros.
The official representing fuel companies stated that fuel reserves, which were high at the beginning of the conflict in Iran, have been depleted and are now at exceptionally low levels. This reliance on stored "cushions" of fuel is reaching a critical point of exhaustion.
Lufthansa and Air France-KLM submitted their final bids this Wednesday for the purchase of a 44.9% stake in TAP, following a government request for improved offers.