The PSD/Azores stated this Thursday that the 2025 public accounts data reveal that the Regional Government (PSD/CDS-PP/PPM) is 'cleaning up the socialist liabilities' and preparing 'more solid' accounts for the future. 'The figures released today confirm what we have always said. This Government has acknowledged in the 2025 public accounts that it is cleaning up...'
PSD/Azores says regional government is 'cleaning up the socialist liabilities'
Thursday, 26 March 2026RSS
Context & Explainers
Portugal's annual inflation rate of 3.1% is slightly above the Eurozone average of 2.6% but lower than neighboring Spain at 3.8%. For comparison, inflation stands at 3.3% in the United States, 2.8% in Germany, and 2.0% in the United Kingdom. Consumers should note that while the headline rate is moderate, price volatility in food and fuel continues to impact the monthly cost of living for residents.
- Minister of State and Finance (2024–present)
- Party: Social Democratic Party (PSD), Partido Social Democrata
- Background: Economist, university professor (ISEG)
Joaquim Miranda Sarmento is Portugal's Finance Minister in the AD government led by Luís Montenegro. An economist and professor at ISEG (Lisbon School of Economics & Management), he served as PSD parliamentary group leader before joining the government.
As Finance Minister, he oversees the state budget, tax policy, public debt management, and fiscal relations with the EU. His decisions on tax brackets, IRS withholding tables, housing incentives, and public spending directly affect residents' cost of living and investment climate.
The National Statistics Institute (Instituto Nacional de Estatística or INE) is the public body that produces official data on Portugal's economy and population. Portugal's 2023 budget surplus of 1.2% of GDP, reported by INE, contrasts with the EU average deficit of 3.5% and the UK's 6% deficit. Taxpayers should note that these figures influence government spending and tax policies.
AI Summary AvailableEconomic growth slows as food prices set to riseRead the synthesized summary with context and explainers
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