Public Finance Watchdog Flips Its 2026 Deficit Call to a Slim Surplus — But Warns of €1.2 Billion War and Climate Shock
The Conselho das Finanças Públicas reversed its 2026 forecast from a 0.6% deficit to a 0.1% surplus, but baked in €1.2 billion in war and climate costs and flagged a return to deficits from 2027 — as succession hunt begins for CFP president Nazaré Costa Cabral.