Centeno's departure from the central bank was reported last Friday.
Centeno's pension reform fits within the existing Banco de Portugal pension fund
Monday, 16 March 2026RSS

Context & Explainers
The Public Administration (Administração Pública) is Portugal's central, regional and local government bodies and the public-sector workforce that deliver services like healthcare, education and municipal functions. A pay rise announced on 20 February 2026 raised the state's base public-sector salary to €934.99 with retroactive payments back to January 2026, so employees and those who contract with state bodies should expect updated payrolls and potential budget effects.








