Latest news and stories about energy subsidies in Portugal for expats and residents.
The current moment is one of inflationary pressure and geopolitical tension, but the International Monetary Fund (IMF) has issued a clear warning to governments: supporting consumers with generalised energy subsidies may worsen the problem. The institution led by Kristalina Georgieva calls for avoiding measures with high budgetary costs that are difficult to...
The European Commission contradicts Lisbon: tax cuts on fuels are not one-off expenses and are not exempt from EU budgetary rules.
The European Commission clarified this Wednesday that energy sector subsidies, in light of the impact of the conflict in the Middle East, are not usually considered extraordinary, contrary to the Portuguese government's position. 'Energy support measures, such as the reduction of excise duties on energy products, are not normally considered extraordinary,' it specified.
Brussels explained that these measures often end up becoming permanent, which is why they are not considered extraordinary.
