The Portuguese Government aims to generate public surpluses of 0.3% of GDP in 2025 and 0.1% next year, after 0.5% in 2024, according to the draft state budget for 2026 presented on Thursday by the right-wing minority executive renewed last May.
The Iberian country should register economic growth of 2% this year and 2.3% in 2026, after a GDP increase of 2.1% last year, the Minister of Finance, Joaquim Miranda Sarmento, also announced at a press conference.
This week, it was Ireland that announced that it would be “in green” again. the country continues to present budget surplus for next year (that is, thanks to this stroke of luck, the country receives more than it spends), but this is reduced by half, to 5.1 billion euros.
Last week it was Italy that made it known that it was ahead of its trajectory: it plans to reach the European objective of 3% public deficit starting this year in 2025 (compared to 2029 in the best case for France) and should reach 2.8% in 2026, according to the transalpine Ministry of Economy.
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Source: BFM TV
