Portugal 2027 budget passes first hurdle

Portugals parliament approved the minority government 2027 budget bill at first reading. The measure targets a budget surplus and economic growth of 2.1 percent next year.

FILE PHOTO: Portugal's Prime Minister Luis Montenegro addresses the 81st United Nations General Assembly (UNGA) at UN headquarters in New York City, US, September 24, 2026.

Portugal's parliament approved the minority government's 2027 budget bill at first reading on Wednesday morning, overcoming opposition votes. The vote averted an early political crisis after the opposition Socialist Party abstained. The fiscal blueprint targets economic growth of 2.1% next year alongside a budget surplus of 0.1% of GDP.