PortugalPolitics

Government plans to maintain tax burden at 35% of GDP next year

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 17:26:24 UTC.

Briefings

The Portuguese government announced that the combined tax and contribution burden will remain at 35% of GDP in 2027, a figure slightly higher than the 35.1% recorded in 2025. This decision was made by Finance Minister Joaquim Miranda Sarmento during the presentation of the 2027 State Budget, which also forecasts a 11% increase in effective social security contributions for 2026 and 2027. While the fiscal load on the economy will stay constant, the tax component alone is projected to drop by 24.1% in 2026 compared to 2024, offsetting the contribution rise.

Key points

• The combined tax and contribution burden will remain at 35% of GDP in 2027, a figure slightly higher than the 35.1% recorded in 2025.
• The tax component alone is projected to drop by 24.1% in 2026 compared to 2024, offsetting the contribution rise.

Context

This budget update was presented by Finance Minister Joaquim Miranda Sarmento on October 8, 2026, during the presentation of the 2027 State Budget (OE2027). The 35% rate compares to 35.2% in 2023, 34.9% in 2024, and 35.1% in 2025.

Limitations

Data is limited to the 2025-2027 period and the 2027 budget presentation. Forecasts for 2026 and 2027 social security contributions are estimates based on current economic conditions, not confirmed outcomes.

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