The government convened on Friday, July 18, for a Cabinet meeting to approve the measures announced the previous day by Prime Minister Luís Montenegro during the State of the Nation debate.
Among the topics discussed, Finance Minister Joaquim Miranda Sarmento emphasized the extraordinary pension supplement, revealing that it will cost approximately “400 million euros,” as well as a reduction in corporate tax, which will see “an additional decrease of three percentage points over the next three years.”
Regarding the appointment of the new governor of the Bank of Portugal, with Mário Centeno’s term ending on Sunday, the government “will make a decision next week.”
Presidency Minister António Leitão Amaro also highlighted that the government is monitoring the situation of demolitions both in Loures and other parts of the country, indicating that local authorities “are dealing with an extremely difficult situation.”
