The Conselho das Finanças Públicas projects 2027-28 primary current spending growth above the path Finance Minister Joaquim Miranda Sarmento committed to Brussels. The Thursday 28 May reading flags rigidity in pensions and civil-service wages and calls the 2% growth forecast overly optimistic.
The Portuguese Finance Ministry has dropped the system of cativações automáticas — the blanket spending freezes that automatically blocked execution above pre-set ceilings inside public administration — and replaced it with a centralised budgetary...
Economy Minister Castro Almeida told Parliament on 22 May that the government does not give up the zero-deficit goal despite the €2bn Storm Kristin bill — but called it 'very difficult'. Brussels reads 0.1%, BdP 0.4%, OECD and CFP both 0.6%.
Defence Minister Nuno Melo presented the 2025-2029 Law of Major Options to Parliament on 21 April, setting a target of 3,700 extra uniformed personnel by end-2027 and a path toward 5% of GDP on defence by 2029.
When Finance Minister Miranda Sarmento revealed Portugal's 2025 budget surplus of 0.7% of GDP on Thursday—more than double the 0.3% officially projected—the achievement marked more than just fiscal competence. It exposed a deliberate strategy of...
Credit rating agency DBRS maintained its 2.1 percent GDP growth forecast for Portugal in 2026 while revising its 2027 outlook upward to 1.8 percent, describing the adjustments as "modest and mixed" against a backdrop of mounting uncertainty tied to...
Portugal's public finances closed 2025 in better shape than almost anyone predicted. Data published on Thursday by the National Statistics Institute (INE) shows the country ran a budget surplus of 0.7 percent of gross domestic product last year, up...
