Portugal's public finances would be in deficit without EU funds, warns UTAO (eco.sapo.pt)

• UTAO finds 2025 spending growth of 6.4%, exceeding government's 5.9% and EU reference.
• 2026 budget balance relies on EU funds; without them, a deficit of 0.46% of GDP.
• Tax cuts cost €832 million; deviation stays below corrective threshold thanks to defense clause.

"Portugal's Technical Budget Support Unit (UTAO) disagrees with the government on 2025 spending growth (6.4% vs 5.9%) and warns that the 2026 budget balance relies heavily on EU funds. Without them, a deficit of 0.46% of GDP would emerge. Tax cuts cost €832 million."