The Minister of Economy and Territorial Cohesion, Castro Almeida, stated that the supports announced by the Government "never" will be sufficient to mitigate the increase in the cost of living, at a time when Portugal is affected by several "wars". The official stated that no country with balanced accounts has enough money to support a war situation, although the country is not at war but suffering its consequences. When asked whether the reduction of IRS up to the 6th bracket and the bonus for pensioners would be sufficient, Castro Almeida highlighted that, despite the Budget having been presented without a budget surplus, the Finance Minister came to reveal that there will be a positive surplus that allows allocating an additional 800 million euros of public expenditure. The minister also responded to PS's criticisms, guaranteeing that the State "is not profiting from the war", explaining that the increase in VAT revenue is being offset by the reduction of ISP.
Eco09/09/26, 20:28