Latest news and stories about state budget in finance in Lisboa, Portugal for expats and residents.
The Government is set to meet with social partners to discuss the minimum wage and the Labour Compensation Fund in its first social dialogue session following the submission of the 2027 State Budget proposal.
The proposed 2027 State Budget ends a seven-year freeze on public undergraduate tuition fees by indexing them to inflation, prompting student associations in Lisbon to schedule protests against the rising costs of higher education.
Marking the 116th anniversary of the Proclamation of the Republic, President António José Seguro urged political parties to embrace a new culture of convergence and cross-party consensus on key issues including the State Budget, living costs, and state reforms.
The week is defined by the submission of the 2027 State Budget, the Bank of Portugal's latest economic projections, and Marco Rubio's visit to Lisbon.
PCP Secretary-General Paulo Raimundo expresses zero expectations for the 2027 State Budget, demanding a radical policy shift to combat the rising cost of living and criticizing the government's current economic direction.
The Portuguese government and social partners convene in Lisbon to initiate discussions on the 2027 State Budget, with trade unions and business associations also pushing for a revision of the 2024 minimum wage agreement.
The UGT national secretariat convenes to discuss labour law reform, while the Assistant Secretary of State and Energy addresses Parliament on the Middle East conflict's economic impact, alongside the Public Finance Council's latest report.
This Wednesday features key economic data releases from the INE, a parliamentary hearing for Joaquim Miranda Sarmento, the election of the Nova University of Lisbon rector, and significant institutional inaugurations alongside political debates.
The State Budget proposal for 2027 is being voted on in general terms this Wednesday, with approval guaranteed by the PS abstention. The second day of the debate follows a protest for the right to housing that gathered thousands of people in front of the Assembly of the Republic. We are following the proceedings in São Bento minute-by-minute here.
The 2027 State Budget proposal is set to be voted on in general terms this Wednesday, with approval guaranteed by the PS's abstention. The second day of debate follows a protest for the right to housing that brought thousands of people to the Assembly of the Republic. We are following the proceedings in São Bento minute by minute here.
The general debate on the State Budget proposal for the coming year took place this Tuesday. A wave of protests regarding housing marked the parliamentary confrontation between the Government and the opposition. At the same time, hundreds of demonstrators gathered outside the São Bento Palace to demand dignified housing.
The announcement was made during the 50th-anniversary session of the European Investment Bank Group in Portugal. Additionally, Sporting hosts Marítimo for the League Cup.
The debate will last for two days (today and tomorrow). The document already has guaranteed approval due to the announced abstention of the Socialist Party.
The 2027 State Budget is being debated this Tuesday in Parliament.
The Prime Minister and the President return to their public agendas this Tuesday: Montenegro at the State Budget debate, and President Marcelo Rebelo de Sousa (referred to here as 'Presidente') in meetings with European institutions in Lisbon. The President's silence regarding recent demonstrations has caused discomfort among socialists and other supporters.
Belém and São Bento are sleeping side-by-side to avoid hearing the protests on the street. Meanwhile, the Government celebrates sovereignty while losing the Galp merger.
Housing protests continue to dominate national news, but other topics also feature prominently. Público interviews Nuno Melo, Minister of Defence, who aims for a voluntary military service programme to begin in 2027. Jornal de Notícias reports that disputes involving motorway concessionaire Brisa have caused litigation against the State to surge to 2.4 billion euros. Correio da Manhã notes that a former PSP police union leader has been ordered to repay 177,000 euros after being convicted of embezzling members' funds. Eco highlights that Portugal has become the most difficult OECD country to purchase a home in over the last decade, while also reporting on the fire sale of tech firm Unbabel. Meanwhile, Negócios forecasts strong third-quarter profits for energy companies like Galp and EDP despite industrial sector headwinds.
The PSP spoke with the protesters to inform them that they may keep their placards but are not permitted to make noise. Additionally, the PS National Political Commission supports abstention in the vote on the State Budget.
Paula Franco attends a lunch-debate event hosted by the International Club of Portugal.
The President of the Republic, António José Seguro, summoned the parties with parliamentary seats this Wednesday for individual hearings on social cohesion on October 29 at the Belém Palace.
The President of the Republic, António José Seguro, has summoned the parties with parliamentary seats for individual hearings on social cohesion on October 29th at the Belém Palace, a source from the Presidency of the Republic told Lusa. These hearings will take place the day after the general vote on the 2027 State Budget, the debate for which is scheduled for October 27th and 28th, with its passage ensured by the abstention of the PS.
The Government is meeting this Wednesday with social partners in the Social Concertation Council to discuss the 2025-2028 wage valorisation agreement, the Labour Compensation Fund (FCT), and the status of the minimum wage following the 2027 State Budget proposal. While trade unions are pushing for higher increases than previously agreed due to inflation, employer confederations maintain that there are no plausible reasons for further raises, citing unfulfilled measures. The meeting will also address the potential extension of the deadline for the FCT, as a significant portion of the funds remains unclaimed by companies.
Former Foreign Minister Luís Amado stated that the international system is undergoing a profound transformation. He argued that if the US, China, and Russia reach an understanding by the mid-2030s regarding their respective spheres of influence, the international order could stabilize, avoiding a world war. Amado characterized Europe as being in a state of 'strategic loneliness,' warning that it lacks the political unity to act as a major power and must now prioritise security over its previous focus on human rights. He also highlighted that Portugal remains well-positioned due to its internal stability and potential role in a future reconstructed transatlantic bloc.
The Minister of Finance, Miranda Sarmento, stated today in Lisbon that public debt should be the “main concern” in the accounts, highlighting that it will be below 85% of GDP by 2027.
Minister of Finance admits that the 2027 State Budget 'is not a budget with surprises', but highlights the credibility gained and five consecutive rating upgrades.
The Confederation acknowledges positive points in the proposal, but considers that it does not meet the terms defined in the 2025-2028 Tripartite Agreement and will present concrete corrective measures during the parliamentary committee stage.
José Manuel Fernandes spoke at the parliamentary committee regarding the PTRR. The programme succeeds the PRR and shifts the funding weight toward agriculture, forestry, and the 'Water that Unites' strategy.
The Secretary-General of the PCP believes the former prime minister misses times of great social upheaval. Additionally, Pope Leo XIV has already arrived at Gemelli Hospital, where he will undergo surgery.
