Latest news and stories about economic indicator in government in Lisboa, Portugal for expats and residents.
The President of the Republic met with the Governor of the Bank of Portugal at Belém Palace to analyse the country's economic and financial situation alongside regulatory supervision.
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.
A profile of Álvaro Santos Pereira, highlighting his early ambition in Viseu, his academic journey, and his reputation as a governor who maintains a sharp critical perspective and rejects cronyism.
The appointment of the new deputy governor for the Bank of Portugal has been postponed until after the summer, with the official arrival expected in the autumn.
Economist Ricardo Reis predicts that inflation will peak between 3% and 3.5% following his participation in the ECB Forum in Sintra.
This Tuesday features key economic updates including INE's June inflation estimates, the deadline for IRS tax filings, and the second day of the European Central Bank's annual forum in Sintra.
Portugal has fallen three positions in the European Union's GDP per capita rankings.
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 the ECO Festival's 10th-anniversary celebration, a parliamentary debate with the Prime Minister, the release of INE's April housing evaluation survey, and the publication of the financial stability report.
Key events for Thursday include INE transport data, Glintt Global's Q1 earnings, the eRadar defence conference at CCB, and Elon Musk's closing arguments in the OpenAI legal case.
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 president of the STE stated this Monday that the Government will bring forward to January the start of negotiations on the review of allowances for public administration workers, with the review of general careers also scheduled for December. The official deemed the meeting productive, noting that while no specific salary increase offers were made, the Government remains open to further discussions, focusing on priority issues like travel allowances and career progression.
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.
Máximo dos Santos is stepping down from his executive role at the Portuguese central bank once the current month concludes.
Miranda Sarmento denied the existence of any possibility of the State acquiring a minority stake in that bank.
This week, Bank of Portugal governor Álvaro Santos Pereira warned that crises and shocks are becoming more frequent and violent, urging the government to maintain fiscal order and reduce debt. During the presentation of the 2027 State Budget, Finance Minister Joaquim Miranda Sarmento stated that current fiscal stability will allow the country to withstand potential external shocks more robustly. Sarmento urged the opposition, specifically the PS and Chega, not to undermine the proposed budget, which targets a 0.1% surplus and a debt reduction to 84.5% of GDP.
Minister of State and Finance Joaquim Miranda Sarmento stated that the 2027 State Budget must remain unchanged after parliamentary debate, urging the opposition parties not to pass amendments that increase spending or reduce revenue. He warned against proposals that could lead to a budget deficit instead of the government's projected 0.1% surplus, specifically cautioning the PS against aligning with Chega on measures that could threaten public accounts. Miranda Sarmento also dismissed new fuel subsidies, citing them as ineffective, and stressed the importance of maintaining fiscal surpluses and continuing the downward trajectory of public debt to ensure the country remains resilient against external economic shocks.
The President of the Republic received the Governor of the Bank of Portugal today at Belém Palace, in a meeting where they analysed “the Portuguese economic situation and the financial system, as well as the role of supervision”.
The meeting between António José Seguro and Álvaro Santos Pereira took place on the day the October Economic Bulletin of the Bank of Portugal was released.
The President met with the head of the Portuguese central bank at the official presidential residence.
The meeting in Belém, with Álvaro Santos Pereira, coincided with the publication of the October Economic Bulletin and precedes the submission of the 2027 State Budget to the Assembly.
The President met with the head of the Portuguese central bank at the official presidential residence.
The President held a meeting with the Governor of the Banco de Portugal to discuss the state of the financial system and the responsibilities of regulatory oversight.
Carneiro stated that if the 2027 State Budget were to include pension cuts, tax increases, or changes to the National Health Service, it would be unacceptable.
The Governor of the Bank of Portugal (BdP), Álvaro Santos Pereira, said this Wednesday that he believes “there are conditions” for the country to have “a budget surplus this year and next”. The statement was made during the press conference presenting the “October Economic Bulletin” at the Money Museum in Lisbon. “It is a mechanical effect, the economy ...
The president of the Public Finance Council (CFP), Nazaré da Costa Cabral, warned that the State Budget is failing to meet the principle of budgetary truth, citing insufficient information regarding deviations between forecasts and actual execution. The CFP highlighted risks of uncontrolled public spending and an over-reliance on the current economic performance of the Social Security system, while also calling for the completion of public accounting reforms following concerns raised by the Court of Auditors.
Mário Centeno and Pedro Siza Vieira discuss the future strategic outlook for Portugal during an event held in Lisbon.
The International Monetary Fund (IMF) criticizes the inefficiency of broad government support measures following energy and food price shocks. According to an IMF study, less than 20 cents of every euro spent on price suppression measures in developed European economies reached the poorest 20% of households. The IMF argues that these measures are costly, place a heavy burden on public finances, and are significantly less effective than targeted, temporary income transfers for vulnerable families.
