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Tracking politics for Portugal — coverage from the newsroom in Lisbon.

S&P Skeptical as Lisbon Vows 2026 Budget SurplusEconomy · Politics

S&P Skeptical as Lisbon Vows 2026 Budget Surplus

Surplus hopes clash with S&P's deficit warning: defence costs, EU funds and pension bills may strain Portugal's 2026 budget, lifting loan costs for families.

By The Portugal Post·14 October 2025

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