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Empty hospital ward with rows of beds, illustrating Portugal's new Eastern Lisbon Hospital project

Court of Auditors Fires Back at the Government Over the Lisbon Oriental Hospital, Saying It Cleared the €800 Million Contract in 27 Working Days

The Tribunal de Contas rejected the government's claim that its review delayed and inflated the new Eastern Lisbon Hospital, saying it approved the €800 million public-private contract in just 27 working days.

The Portugal Brief 24 Jun 2026

Aerial view of Lisbon’s rooftops with the Tagus River and a cargo ship in the distance

Portugal’s First-Quarter Deficit Lands at 1.1% of GDP, Beating the UTAO’s 2.1% Forecast

Portugal ran a general government deficit of 1.1% of GDP (€570.9 million) in the first quarter of 2026, according to INE — better than the 2.1% the parliamentary budget office had forecast, as income-tax and social-contribution revenue held up.

The Portugal Brief 24 Jun 2026

Euro banknotes fanned out, illustrating Portuguese public finances

UTAO Flags €1.342 Billion in Public-Private Partnership Risk for the State — Motorway Concessions Account for 92.6% of the Bill as Lusoponte, Brisa and Seven Others Lodge €509 Million in Covid Traffic Claims

A report to Parliament's budget unit UTAO puts the state's contingent liabilities from public-private partnerships at EUR1.342 billion, with motorway concessions accounting for 92.6% of the exposure.

The Portugal Brief 22 Jun 2026

Public Finance Watchdog Flips Its 2026 Deficit Call to a Slim Surplus — But Warns of €1.2 Billion War and Climate Shock

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.

The Portugal Brief 20 Apr 2026

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