2020 Portuguese state budget

We are a few days away from a renewed socialist government submitting its 2020 state budget proposals.  Delays in future approval and publication in early 2020 are not so much due to the past October elections however.

While Portuguese agencies are last minute rushing the application of the 2020 EU aid funding, the government has been trying to lobby amongst remaining EU Member States to maintain its usual share in the aid it has been accustomed to, in the next 10 year cohesion package.

So for a government which must politically avoid increasing existing tax rates, besides the recurring promises to tackle tax avoidance and corruption, the upcoming laws will imply cutting tax benefits and conditional exemptions and involve the creation of duties and levies in response to political and public pressure towards the environment.

 Political colours aside, for now, governmental stability is possibly the best news for a traditionally centrally steered and public service populated country.