Antonio Costa, who has just been re-elected, unveiled his new government a few days ago. Unlike his first term, this time he should not be in possession of the majority, we explain.
It was written in stone even before the results of the last legislative elections, the alliance put in place during the first term of the Prime Minister disappears without any possible return.
The gold of his first term (from 2015 to 2019), it was based on this alliance with the party on the one hand Bloco de esquerdaThis was an agreement enabling the Socialists to secure a majority in Parliament in certain specific areas, which had been the subject of tough negotiations. The agreement was also reached between the Socialist Party and the Communist Party.
The two far-left parties demanded, among other things, guarantees of an overall increase in the income of the Portuguese and an end to the austerity that had prevailed from 2011 to 2014, when Portugal was on the verge of bankruptcy and placed under international supervision. This agreement based on very fragile agreements could explode at any time. Fortunately for them it lasted 4 years.
The results of the October 6 elections put an end to the absolute majority for Antonio Costa's PS.
As the Prime Minister has stated, it is change with continuity. The government is the same as the previous one, with a few exceptions, the new priorities of the Portuguese government are the development of investment, improving public services, minimum wage ...
However, certain issues are likely to be chaotic, such as health and education.
Portugal's economy returns to the forefront, Portuguese government wants to encourage small and large investors to undertake in the country. However, some files are going to complicate the infrastructure of the state, housing and the labor code will have to be addressed.
This new mandate for the Costa government is far from being a smooth one.
Find out how the Portuguese tax system affects companies, with details on taxation,... Read more
The United Kingdom has long been recognized for its economic dynamism, political stability and... Read more
If you want to run an e-commerce business in the UK, it's crucial to know how to... Read more
On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for... Read more
tax issues linked to international double taxation are becoming increasingly important for... Read more
In 2023, António Costa (PS) decided to put an end to the Tax Regime for Residents... Read more
Our site uses cookies.
Read more