The government will evaluate the impact of the IRS Jovem and will be able to develop this regime in the coming years, Finance Minister Fernando Medina announced Monday in the presentation of the Stability Program (PE).
“There’s one area that I can expect us to work on, which has to do with the impact assessment related to the IRS Jovem. We want to evaluate the changes that we’ve put in place to lower the tax as early as 2023, the automatism with regard to these lower taxes,” said Fernando Medina during the presentation of the Stability Program 2023-2027 at the Ministry of Finance in Lisbon.
The minister explained that he wanted to assess whether the changes made to the IRS Jovem are “really effective from a youth access point of view.”
“If we have positive signals in this area, we believe it is important to develop in 2024 and beyond,” he said. The minister talked about the measures that the government wants to implement in the coming years in the field of the tax authorities, after committing to a tax reduction strategy, with the aim of promoting “an improvement in the income of the middle class”.
The government today presented the stability program for the period 2023-2027, which includes an upward revision of the growth forecast for the Portuguese economy this year to 1.8% (compared to the forecast of 1.3% in October), the inflation rate to 5.1% (over 4%), and revises the budget deficit downwards, forecasting it to be 0.4% this year, below the 0.9% budgeted for in the state budget.
As for government debt, the executive estimates that it will fall to 107.5% this year and remain below 100% in 2025.
The document will be sent today to the European Commission and the Portuguese Parliament, whose discussion is scheduled for April 16.
Source: DN
