The Azores may lose, next year, about 53 million euros in revenue due to the update of data on the resident population in the archipelago. The information was confirmed by the regional Secretary for Finance, Planning and Public Administration.
According to the news, the population of the Azores grew, but at a slower rate than expected. This slowdown in population growth is behind the drop in expected revenue for the region.
The estimated financial impact is around 53 million euros, a significant amount for the regional budget. The update of demographic data has direct consequences on the distribution of funds and the financial capacity of the archipelago.
The top official responsible for regional Finance made this admission during this Wednesday, warning about the implications of this population revision on next year's budget.



