Francisco Calheiros, president of the Portuguese Tourism Confederation (CTP), recognized the tax relief for taxpayers and companies, but warned that “gives the Government a narrow margin of maneuver to carry out some necessary investments”.
The CTP highlights the importance of prioritizing administrative reform in the State Budget, considering it fundamental to modernizing the State and reducing costs for companies, thus increasing their productivity.
A The confederation hopes that the budget will include an increase in funds for tourism promotion, as well as investments for the new airport in the Lisbon region and for the modernization of the railway.
“It is necessary to measure the impact that increases in Defense funding will have in budgetary terms”, highlights the CTP, questioning the possible consequences of these increases on other strategic investments.
The Government delivered the proposed State Budget for 2026 to parliament, forecasting a growth in Gross Domestic Product (GDP) of 2% for this year and 2.3% for 2026, with budget surpluses of 0.3% in 2025 and 0.1% in 2026.
The proposal will be discussed between October 27th and 28th, with the final vote scheduled for November 27th.