Latest news and stories about state budget in finance in Lisboa, Portugal for expats and residents.
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.
Finance Minister Joaquim Miranda Sarmento expects Portugal to end the year with a near-zero budget balance, avoiding a deficit despite the costs of recent storms and geopolitical tensions. Speaking at an event for state-owned enterprise managers in Lisbon, he highlighted the country's solid fiscal trajectory and projected GDP growth of around 2%. The government also plans to simplify the state business sector to improve efficiency, transparency, and autonomy, while aiming to reduce public debt to below 80% by the end of the legislative term.
Castro Almeida, Minister of Economy, assured this Monday, May 4, that over 21 billion euros of the PTRR were not budgeted, representing 'new money', and highlighted the importance of the private sector in the plan. The minister clarified that only 4% of the PTRR had previously defined funding, while one-third of the total allocation is private investment. Luís Montenegro also announced the 22.6 billion euro PTRR and a mandatory insurance scheme for seismic risk.
The main highlight of this week's DV is: Two-thirds of the major measures in the new RRP were already planned in the State Budget. The main photo focuses on a new business that is thriving: German company FRS sails towards revenues exceeding two million with corporate cruises on the Tagus. Also highlighted is an interview with Boris Walbaum, founder of the disruptive Forward College: 'The world is moving faster than universities, and the gap is widening.' Read these and other topics from this week's Dinheiro Vivo in the full supplement, which you can download here. See the front page in detail.
The opposition believes that, with the RRP, the Government has merely staged another propaganda stunt. Also in this newspaper, King Charles III's visit to the USA and a preview of the SCP vs Tondela match.
Prime Minister Montenegro announces the total cost of the Recovery and Resilience Plan (PTRR) will reach 22.6 billion euros.
The document was presented by the Prime Minister this Monday.
The 'Portugal Transformation, Recovery and Resilience' (PTRR) programme will have a budget of 22.6 billion euros, utilising national public funding (37%), private funding (34%), and European funds (19%), according to the final version of the programme presented this Tuesday at Parque das Nações in Lisbon, three months after the storm Kristin and a...
Members of parliament and three external figures will analyse organisations that operate alongside the Assembly of the Republic and have an increasing impact on the budget. The initiative follows identified failures.
The President of the Assembly of the Republic will establish a working group to analyse the independent administrative entities operating alongside parliament, which have been increasing in recent years and have a growing budgetary impact.
José Manuel Fernandes presented the response measures to the winter storms this morning. Applications for support are open until April 30th.
Lisbon closed the (electoral) year of 2025 with a positive budget balance of 142.3 million euros, almost six times higher than the 24.6 million recorded in 2024, in a year in which the council strengthened tax and tourism revenue, and presented a net result of 63.2 million euros, after having previously reported a loss...
The Prime Minister sends a message to the UGT, stating that if the agreement within the social concertation fails, it will be “inexcusable”. Additionally, the Lisbon Metro expects the service to be closed from 11 PM onwards.
Azul has filed a lawsuit against TAP, claiming approximately 189 million euros in the Central Civil Court of Lisbon. Pinto Luz states that the litigation will remain the responsibility of the Portuguese State and will not be transferred to future buyers.
PS leader José Luís Carneiro has gone on the attack today, accusing the government of “making money at the expense of citizens’ sacrifices”. On a ‘walkabout’ in Benfica market (where The post PS leader accuses government of ‘making money at expense of citizens’ sacrifices’ appeared first on Portugal Resident.
PS Secretary-General José Luís Carneiro has accused the Government of profiting from the public's sacrifices, claiming the state stands to gain an extra 500 million euros in VAT revenue if inflation exceeds forecasts by 1.5 percentage points. During a visit to the Benfica Market in Lisbon, Carneiro criticised the government's current measures to combat the rising cost of living as insufficient, reiterating the Socialist Party's call for a zero-VAT rate on essential goods and tax relief on fuel and energy.
The PS Secretary-General argues that the State will collect an additional 500 million euros if inflation remains 1.5 percentage points above the forecast.
The cost of debt is already rising due to the new war. This is the headline of this Monday's edition, April 5th, of Diário de Notícias. For Portugal, the rise in interest rates is sensitive because, despite the downward trend in the debt-to-GDP ratio, the country continues to have high levels of indebtedness that must be paid with budget surpluses and/or refinanced with new debt. The Government's latest forecast points to an increase of 600 million in debt charges by 2026. Also highlighted is survival on credit: more and more families have no other way to buy basic goods. Download the DN at the link below: The photographic highlight goes to the Vatican. In his first Easter as Pope, Leão XIV calls for hope against the “violence of war”. Other highlights: To Trump's threat of “hell”, Iran warns that the “region will burn”. Marcelo's life after Belém includes books and schools, while politics remains behind closed doors. Marta Temido: “I do not recognize the Prime Minister's sectoral knowledge to speak of chaos in Health left by the PS”. Lisbon: One infraction every two days for the sale of alcoholic beverages for street consumption. I League: Nice and Ajax haunt Francesco Farioli and FC Porto in the final stretch of the championship. Artemis II: The day man reaches the dark side of the Moon. Luís Portela: “My interest in the spiritual began when I was young, but, looking at things from a scientific point of view”.
Sarmento claims victory, but knows he had the help of measures that have limits: salary increases return taxes to the State and the tax cut increases consumption. Editorial by Marta Moitinho Oliveira.
Finance Minister Joaquim Miranda Sarmento anticipated this Tuesday, March 24, that the 2025 budget surplus, to be released this Thursday by the National Statistics Institute, will be a “pleasant surprise and good news for the country.” The Government had forecast a surplus of 0.3% of GDP for 2025, but the minister had already signaled it would be higher than expected. During a presentation at the Strategic Council of the Portuguese Development Bank in Oeiras, Lisbon, Miranda Sarmento highlighted that last year's budget balance “will be well above the forecasts of entities and expectations.” The minister noted that this figure “will be a pleasant surprise and good news for the country,” which will also have a “positive carry-over effect for 2026.” While the 2025 surplus “makes the margin less tight,” two events in the first quarter of this year—storms and the war in Iran—have “made the margin tight again.” Nevertheless, Miranda Sarmento emphasized that balanced public accounts “are fundamental for the country,” and the Government will maintain this principle while “continuing to support the economy and families.” Regarding economic growth, the minister acknowledged that the storms and the situation in Iran “greatly condition what 2026 will be,” but the Government's expectation was for GDP growth above 2%. “We will see the impact the storms had in the first quarter and, the longer the conflict lasts, what impact there will be,” he stated.
Luís Montenegro admitted that the fact that Portugal may have a deficit this year 'does not mean being in an excessive deficit procedure or an imbalance procedure'.
Nuno Melo does not disclose whether the frigates Portugal will purchase under the European SAFE loan programme are Italian, French, Dutch, or Spanish while contracts remain unsigned, but assures that as a condition for the acquisition, an amount between 150 and 200 million euros must be invested.
On the day that the Treasury and Public Debt Management Agency (IGCP) holds two Treasury Bond (OT) auctions, the CCB hosts the 'Banking on Change' conference, an initiative by the ECO newspaper and KPMG, which features an address by the Minister of Finance. Also locally, Mota-Engil...
The first five of 16 state-owned properties are to be put up for sale. The two buildings in Lisbon account for approximately 96% of the revenue the Government expects to raise in this first round of public auctions.
In the early hours tomorrow a new low-pressure system will move into Greater Lisbon, bringing heavy rain.
The Mayor of Lisbon calls for the creation of a specific plan to resolve the housing crisis, warning that municipal councils will be left without financial capacity after the programme ends.
Carlos Moedas justified the proposal, emphasising that “many councils, after June, are left with either national support or their own capital, but they do not have the capacity for such large amounts”.
The proposal from the PSD/CDS-PP/IL coalition, which governs without an absolute majority, passed with the support of Chega. PS, Livre, BE, PAN, PCP and PEV voted against the planned expenditure of €1,345 million.
