24-May-2026
Economy News
 
Portugal Says Budget Balance 'Extremely Difficult' After Huge Storm Costs
23-May-2026

Portugal will find it extremely difficult to achieve a balanced budget this year after storms in January and February cost the state €2 billion ($2.3 billion), or about 0.6% of GDP, Economy Minister Manuel Castro Almeida said on Friday.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-22/portugal-says-budget-balance-extremely-difficult-after-huge-storm-costs