State closes 2021 with lower deficit
The Portuguese State has closed 2021 with a public accounts deficit of €8.7Bn for the year which was €2.8Bn less than in 2020. “In 2021 the Public Administration deficit improved by €2.8Bn on [...]
Economist says Portugal can turn the corner in 2022
The ex-president of the Council of Public Finances believes that the rejection by parliament of the State Budget 2022 provides an “opportunity” for the country to embark on a policy of [...]
Government in bitter split with left wing party coalition
The Portuguese Socialist Government under Prime Minister António Costa was in crisis yesterday after the left-wing parties in parliament refused to sign off on the State Budget 2022. The decision [...]
Government’s budget proposals will stifle economic activity
Some of the proposed additional last-minute changes to Portugal’s labour law outlined in the State Budget for 2022 will be a serious stumbling block to economic development in Portugal. This is [...]
Left Bloc votes down State Budget 2022
The Left Bloc (Bloco de Esquerda) has voted against the State Budget 2022 because the left wing party does not think it has satisfied several proposals it presented to the government. For [...]
Government faces difficult horse trading over budget
The Portuguese Government is facing tough opposition to its State Budget 2022 from both the right and far left in the Portuguese parliament which, if rejected, could sweep its public accounts off [...]
Government introduces two new tax brackets
The Portuguese Government is to create two new income tax brackets. It is doing this so it can begin to reduce the tax burden that is currently falling on the Portuguese middle class. The [...]
No tax hikes for Portuguese says Leão
Portugal’s Minister of Finance João Leão has pledged that despite a review of tax brackets, no Portuguese will see a rise in taxes. After delivering the proposed State Budget 2022 to the [...]
