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The Portugal Brief

The Portugal Brief

News

INE's Detailed Q1 2026 Contas Nacionais Trimestrais Decompose the +0.2% QoQ Print Across Investment, Net Exports and Private Consumption — How the Public-Sector Wage Adjustment, the Pacote Defesa Profile and the IRC-Cut Glide Path Read

INE's detailed Q1 2026 Contas Nacionais Trimestrais (Quarterly National Accounts) decompose the +0.2% QoQ / +1.7% YoY print across investment, net exports, private consumption and the public-sector wage adjustment — with the Pacote Defesa profile and the IRC-cut glide path framing the H2 read.

News

Lei 23/2026 Rebuilds the Subsídio Social de Mobilidade Around Residency Tiers and a Pre-Authorisation Cap — How the New Mecanismo de Continuidade Territorial Reroutes Açores and Madeira Air Travel

Lei n.º 23/2026 (in force since 8 June) replaces the Subsídio Social de Mobilidade ex-post reimbursement with a four-tier residency matrix, a pre-authorisation cap routed through the new DSCT, and a €185M-2026 / €198M-2027 envelope. The eight-day operational tape has surfaced four friction points.