The proposal will be formally received by José Pedro Aguiar-Branco, the President of the Assembly, at 14:45.

The government has proposed measures to enhance salary incentives, including a 50% tax relief on IRC for salary increases of at least 4.7%.

The budget will also introduce increased support for teachers, security forces, military personnel, and enhancements to elderly support programs.

If the budget is approved with the abstention of the PS or support from the right-wing party Chega, it will be detailed in parliament from November 22 to 29, with a final vote expected on November 29.

As part of negotiations with the PS, the government plans to implement a gradual annual reduction in vehicle taxation over the next four years.

Portugal's fiscal performance has improved significantly, transitioning from a focus on austerity to discussions about budget surplus.

On October 10, 2024, the Portuguese government will present its State Budget proposal for 2025 during a press conference in Lisbon.

This proposal will be delivered to the Assembly of the Republic by Joaquim Miranda Sarmento, marking his parliamentary debut.

In his address, Sarmento highlighted previous influences from the Socialist Party on the budget, such as the elimination of tolls on certain highways, while clarifying that this does not indicate full agreement.

There is an agreement with the Socialist Party regarding the IRS for Young People, but no consensus on the corporate tax (IRC), leaving the decision on budget support to the socialists.

Despite the lack of assurance from the PS, the Prime Minister expressed confidence that the State Budget will be approved.

Additionally, the proposal will update income tax brackets and extend extraordinary contributions from various sectors, including energy and banking.