Portugal

Salaries, GDP, and the budget surplus. The numbers from the State Budget for 2027.

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Briefings

The Portuguese government updated its 2027 budget proposal, raising economic growth forecasts to 2.3% for the current year and 2.1% for 2027, while inflation is projected at 2.9% initially. Key fiscal indicators show public debt falling to 84.5% of GDP, with interest costs rising to 2.4% of GDP. The minimum wage is set at 970 euros, and the Social Security Fund reports a surplus of 7 million euros. These figures reflect a shift toward higher spending and reduced tax rates compared to previous years.

Key points

• The Portuguese government revised its 2027 budget proposal, raising economic growth forecasts to 2.3% for the current year and 2.1% for 2027, while inflation is projected at 2.9% initially.
• Public debt is projected to fall to 84.5% of GDP in 2027, with interest costs rising to 2.4% of GDP, while the minimum wage is set at 970 euros.

Context

This briefing covers the 2027 budget proposal for Portugal, detailing updated economic forecasts, fiscal indicators, and social security data. The findings are critical for understanding the government's fiscal strategy and long-term economic stability.

Limitations

Data reflects the 2026-10-09 snapshot; inflation and growth projections remain subject to revision. Some figures are estimates based on current proposals rather than finalized law.

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