Oecd Deepens Projects for Portuguese Budgetary Balance and Provides for Rapid Gdp for 2.2% in 2026

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The OECD reviewed projections for the Portuguese budget balance. If for this year it provides less than a surplus, for 2026 it sees a deficit and doubles its face to the previous projection.

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For Portugal, the OECD hopes that real GDP growth should reach 1.9% in 2025 and 2.2% in 2026, returning to 1.8% in 2027.

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In the Portuguese case, "the sustained increase in wages and hard work will increase consumption, especially because inflation and debt service costs should remain moderate" and, at the same time, the reductions in IRS and the increase in salaries "will support the income of families, but also cover the decline in inflation".

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OECD has even seen high growth forecast for the Portuguese economy in the coming year, but it predicts that in public accounts expansionist policy will result in a negative balance of 0.6% of GDP.