Economy

Storm damages have already absorbed over 3 billion euros from the PTRR, says Castro Almeida

The government has spent 3.03 billion euros from the Recovery and Resilience Plan (PTRR) on storm damage recovery from early 2026. The 2027 State Budget proposal allocates an additional 970 million euros for next year, while also increasing direct transfers to municipalities by 6% and to parishes by 8.2%.

Why it matters

This budget update signals a continued focus on infrastructure recovery and increased state funding for local municipalities and parishes, which may impact local service delivery and public works in your area through 2027.

Observador· 1h agoRead original ↗

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Economy

Will November tax adjustments be excessive?

The Public Finance Council suggests that the special IRS withholding tax tables (tabelas de retenção na fonte) implemented throughout 2026 may result in a larger-than-expected impact on the state's budget, potentially affecting how much tax individuals have already paid versus what is owed.

Expresso· 1h agoRead original ↗

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Economy

ASF to deliver proposal for strengthening pensions by March, says Gabriel Bernardino

The insurance supervisor (ASF) is preparing a proposal to promote supplementary pension schemes, due by March 2027. The initiative aims to stimulate the market for private retirement savings and educate the public on saving for retirement, even in small amounts.

Expresso· 1h agoRead original ↗

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Economy

Government denies tourism overcapacity and says increase in value is necessary

The Minister of the Economy stated that Portugal does not have excessive tourism, though acknowledging it may occur in specific areas and periods. He argued that increasing the sector's value—rather than just the number of overnight stays—is essential to improving low wages in the industry, and noted that the final vote on the 2027 State Budget is scheduled for 24 November.

RTP· 2h agoRead original ↗

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Practical alerts

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Media-reported alerts

Braga opens applications for grants of up to 2,500 euros for families with energy difficulties · Observador · 6h ago
Prison strike to suspend conjugal visits and food deliveries for six weeks · Correio da Manhã · 23h ago
Government leaves strike negotiations to CP management · Correio da Manhã · 2d ago
Sintra to have six homes with reduced rent for people over 65 · Público · 2d ago

Live official alerts

The CP strike on Friday 30 October is cancelled and trains run normally.
CP· Lisbon area +2· until 30 Oct
Yellow rain warning for Madeira on Sunday.
yellow warningIPMA· Madeira· from Sun 00:00

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