Banco de Portugal's June Boletim Económico cut the 2026 deficit forecast from 0.4% to 0.2% of GDP, but warns net expenditure growth breaches the Brussels commitment. Iran-war severe scenario lifts 2027 inflation to 4.3% and trims growth by 0.5pp.
Finanças tightens the OE2027 cativações cap to 7.5% of tax-funded spending — up from the OE2026 5% floor — while carving out defense, PRR-calamity and SNS wage lines. The ceiling tracks the OECD's zero-deficit 2026 and 0.1% 2027 projection corridor.
Friday's Conselho de Ministros authorised Parpública to sell its non-strategic stakes inside a three-test market frame — 19 holdings, nine 100%-owned (Estamo, INCM, Companhia das Lezírias, Águas de Portugal) and minorities in Galp, CTT, NOS, Cruz Vermelha and Inapa.
Portugal's central public accounts swung to a €1,547.7 million deficit through April after a €1,134.3 million SNS arrears settlement reversed March's surplus. Revenue grew 5.7%, expenditure 10.5%, tax revenue Jan-April hit €17,652.1 million.
The Autoridade Tributária e Aduaneira classified €12 billion of the 2025 coercive-collection pipeline as 'dívida incobrável' — the technical Portuguese tax-administration term for receivables the AT has determined it no longer has the capacity to...
Parliament's Budget and Finance Committee approved a hearing of Parpública's chairman on the 98% collapse in 2025 state-enterprise profits — €480M to €11M across 126 firms — flagged in UTAO Report 6/2026. PSD blocked the parallel motion to summon Miranda Sarmento.
