“The Budgetary Program for Public Debt Management, with a total consolidated expenditure of 174.203,3 million euros, allocates 7.100,2 million euros to cover public debt interest expenses in 2026,” according to the report submitted with the OE2026 proposal.
In 2025, the projected amount for interest expenses on debt is 6.813 million euros, marking a 4.2% increase for the upcoming year compared to the previous period.
In this proposal, the government projects a reduction of the debt-to-GDP ratio to 90.2% in 2025 and 87.8% in 2026.
In the macroeconomic scenario, the PSD/CDS-PP government predicts a GDP growth of 2% this year and 2.3% in 2026.
The government aims to achieve surpluses of 0.3% of GDP in 2025 and 0.1% in 2026.
The proposal is set to be discussed and voted on in general on October 27-28. The final overall vote is scheduled for November 27, following the debate process in the specialty.
