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Portugal
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Saturday, October 10, 2026
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The Portuguese Parliament has approved a bill to lower the personal income tax (IRS) for the first six tax brackets. This legislative action follows discussions around the 2027 State Budget, which was reportedly drafted with some assistance from artificial intelligence and is being scrutinized for its optimistic projections and the government's cautious approach to achieving a surplus.
In the judiciary, Amadeu Guerra, the Prosecutor-General of the Republic, has instructed magistrates to appeal decisions where investigations are excessively delayed, emphasizing accountability for respecting deadlines. Meanwhile, Mário Centeno, the Governor of Banco de Portugal, has denied any conflict of interest regarding his move to a Spanish group that acquired EuroBic, stating that the acquisition was in motion before his appointment to the Bank of Portugal.
The Portuguese state continues to increase its presence in strategic companies, having acquired an additional 5.3% stake in REN from Fidelidade, which now secures a total of 19% of the company's capital. On the political front, José Pedro Aguiar-Branco, the President of the Assembly of the Republic, has raised questions concerning a ten-day trip to the United States undertaken by members of parliament.
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Top Stories
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The Portuguese Parliament has approved a bill to reduce personal income tax (IRS) for the first six tax brackets. This development comes as the 2027 State Budget, reportedly drafted with 'a little help' from AI, faces analysis regarding its optimistic outlook on the economy and the government's focus on achieving a surplus.
Diário de Notícias:
Parliament approves IRS reduction for first six tax brackets
The Portuguese Parliament has approved a bill to lower the IRS (personal income tax) for the first six tax brackets.
Público:
AI's 'Little Help' in Drafting the 2027 State Budget
The 2027 State Budget (OE2027) was drafted with minimal sleepless nights and a 'little help' from AI, featuring a nearly balanced budget with less aid to the economy. There are concerns it may be too optimistic about employment, investment, and wages.
Público:
Budget Surplus Obsession and Government Caution
Analysis of the State Budget 2027 discusses the margin for maneuver, the obsession with achieving a surplus, and the government's cautious approach.
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Amadeu Guerra, the Prosecutor-General of the Republic, has instructed magistrates to appeal decisions that annul investigations due to excessive delays, potentially involving the Constitutional Court. Separately, Mário Centeno, the Governor of Banco de Portugal, has denied any conflict of interest regarding his transition to a Spanish group that purchased EuroBic, asserting that the acquisition process predated his role at the Bank of Portugal. Additionally, the Public Prosecutor's office is…
Público:
Amadeu Guerra Clashes with Judges Over Slow Investigations
The Prosecutor-General has instructed magistrates to appeal decisions where investigations are excessively delayed, and the Constitutional Court will be involved. The Public Ministry faces consequences for not respecting deadlines.
Observador:
Centeno denies conflict of interest in Eurobic purchase
Mário Centeno denies any conflict of interest in his move to a Spanish group that bought EuroBic while he was governor of the Bank of Portugal.
Observador:
Sintra: Public Prosecutor investigates alleged mistreatment at primary school
The Public Prosecutor's office is investigating allegations of mistreatment at a primary school in Sintra.
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The Portuguese state has finalized an agreement to acquire an additional 5.3% stake in REN (Redes Energéticas Nacionais) from Fidelidade, bringing its total secured capital in the energy company to 19%.
Observador:
State to buy 5.3% of REN from Fidelidade, secures 19%
The Portuguese state is acquiring a 5.3% stake in REN from Fidelidade and has already secured 19% of the company's capital.
Diário de Notícias:
State buys Fidelidade's stake to reach 19% in REN
The state has finalized its return to REN with a 19% stake after purchasing the position from Fidelidade.
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José Pedro Aguiar-Branco, the President of the Assembly of the Republic, has raised questions regarding a ten-day trip to the United States undertaken by members of parliament, focusing on diplomacy, technology, and AI. In other news, Frederico Varandas, the President of Sporting CP, has responded to accusations from Luís Montenegro, the Prime Minister, concerning wiretapped conversations about bribing referees.
Observador:
10-day US trip by MPs raises questions from Aguiar Branco
A ten-day trip to the United States by members of parliament, focused on diplomacy, technology, and AI, has prompted questions from Aguiar Branco.
Observador:
Sporting's Varandas responds to Montenegro regarding wiretaps and corruption
Sporting president Varandas responds to accusations from Montenegro concerning wiretapped conversations about bribing referees.
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The investigation into the 'Ripper of Lisbon,' a serial killer who terrorized the city in the 1990s, has been adapted into an immersive theater experience, set to premiere on October 28th.
Observador:
The 'Ripper of Lisbon' case becomes an immersive theater show
A podcast about the investigation into the serial killer who terrorized Lisbon in the 1990s has been transformed into an immersive theater experience, premiering October 28th.
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