Portugal

Budgetary policy measures with an impact of more than one billion on the budgetary balance

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 19:26:24 UTC.

Briefings

The Portuguese government's 2027 budget measures will result in a budget deficit of over 1.132 billion euros, significantly higher than the 695 billion euros recorded in 2024. This deficit stems from a 1.048 billion euro increase in spending and an 84 billion euro decrease in revenue. The Ministry of Finance projects a 0.1% surplus in 2027, with Sarmento expecting a 0% surplus in 2026. Key spending drivers include personnel costs, while revenue reductions from VAT and tax cuts are offset by social contributions.

Key points

• The 2027 budget measures will cause a budget deficit exceeding 1.132 billion euros, a figure more than double the 2024 deficit of 695 billion euros.
• The deficit is driven by a 1.048 billion euro increase in spending and an 84 billion euro decrease in revenue, with personnel costs being the primary spending factor.

Context

The findings come from the Portuguese government's 2027 budget report, which outlines measures expected to be implemented in 2027. The Ministry of Finance projects a 0.1% surplus in 2027, with Sarmento expecting a 0% surplus in 2026. The report details specific spending and revenue impacts, including personnel costs and tax reductions.

Limitations

The evidence is limited to the 2027 budget report and related financial data. Specific details on the 2026 budget are not provided, and the report does not include forecasts beyond the 2027 budget period.

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