The 2027 State Budget proposal includes projections for investment, employment and average salary growth that are significantly higher than forecasts from other national and international economic institutions.
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The leaders of the CGTP trade union and the CIP business confederation expressed shared criticism of the upcoming State Budget during a televised debate. They remained in disagreement, however, regarding the national minimum wage.
The government confirmed the national minimum wage will increase to 970 euros in 2027. The Minister for Labour, Solidarity and Social Security also ruled out any reduction in the retirement age and reiterated the need for a long-term regime pact for Social Security reform.
The Confederation of Portuguese Business (CIP) states that the 10% private investment growth target projected in the 2027 State Budget is unattainable. They argue that current economic conditions do not support a growth rate of that magnitude.