Portugal Approves Pension Bonus and Tax Cuts

The Portuguese government approved a 918 million dollar package featuring a pension supplement and retroactive income tax cuts. Prime Minister Luis Montenegro aims to ease living-cost pressures while maintaining budget responsibility. The measures are expected to secure parliamentary approval.

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FILE PHOTO: Portugal's Prime Minister Luis Montenegro during a doorstep at the NATO leaders' summit in Ankara, Turkey, July 8, 2026. REUTERS/Yves Herman/File Photo

Portugal approved a $918 million package featuring a pension bonus and tax cuts on Thursday evening. The fiscal relief aims to counter living-cost pressures without compromising public finances.

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