Nazaré Costa Cabral, president of the CFP, has publicly criticized Finance Minister Joaquim Miranda Sarmento for comments she described as offensive and unfair. The dispute follows the minister's questioning of the institution's technical independence and credibility regarding its budget forecasts.
Tensions rise between Finance Minister and CFP president
Wednesday, 15 April 2026AI summary
Context & Explainers
- 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.
4 sources
- CFP: Minister's criticisms "were neither fair nor correct"Observador ·
- Miranda Sarmento's statements were "neither fair nor correct" and were even "a little offensive"Expresso ·
- Nazaré da Costa Cabral considers Sarmento's accusations "offensive". "I want to believe he respects the independence of the CFP"ECO ·
- CFP President clashes with Sarmento: he made comments that were "a little offensive, even towards me personally"Diário de Notícias ·
