The State Budget 2024 (OE2024) was fully approved this Wednesday by an absolute majority of the Socialists, with the PSD, Chega, Liberal Initiative, Bloc de Esquerda and PCP voting against. PAN and Livre abstained.
More than 200 proposals for amendments were approved, most of which came from the CoP. The government’s proposal to increase the unified turnover tax (UTT) on vehicles until 2007 failed. However, an increase in the IRS deduction for household income from the current 502 euros to 600 euros, the possibility that part of the fees for domestic workers could be deducted from the IRS, and companies that increase salaries for all workers by at least 5% in 2024 will be able to pay employees in the form of profit sharing, exempt from the IRS, were measures legalized by the socialists.
After eight years as prime minister, this will be the last budget of António Costa, who resigned earlier this month after being the subject of an investigation by the Office of the Public Prosecutor (OP) at the Supreme Court, sparking a political crisis and the announcement of early elections for March 10 next year.
The new government formed as a result of the next elections may, if it wishes, introduce amendments to the budget.
Author: morning Post
Source: CM Jornal
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