Lisbon, Oct. 10, 2024 (Lusa) - Portugal's leading newspapers on Friday offer headlines on the draft budget for 2025 submitted to parliament on Thursday by the right-of-centre coalition government, which lacks a majority in the assembly, and the reactions to it from the main opposition Socialist Party (PS).

Expresso:

- President "Marcelo [Rebelo de Sousa] rules out Council of State [meeting] and fears OE [State Budget] approved by Chega" as main opposition Socialist Party continues to baulk at tax cuts proposed by government

- "Interview with Joaquim Miranda Sarmento, Minister of State and Finance: 'There isn't a tenth of a margin to negotiate [budget measures] in committee'" 

- "PM definitively rules out governing in [emergency] twelfths [which happens if no budget approved]... and PS only announces how it will vote at the end of the month" 

- "Civil service spending to rise by €1.568 billion" 

- "Public debt below 2009 level" 

- "IRS: Young people take almost all the drop" in personal income tax proposed in budget 

- "State Budget. Do you want to know what will change in your wallet?"

- "Renting a house on your own is unaffordable almost everywhere on the coastal strip" 

- "The country's largest maternity hospital is only delivering four babies a day" 

- "Israel's plan to destroy the Hezbollah summit" 

- "John Bolton: "Putin and Xi Jinping look at Trump as a useful idiot" 

- "Vale de Judeus [prison]: fugitive tried to bribe Moroccan police" 

- PM Luís "Montenegro explains earphones" - comment on Tuesday about questions being "whispered" into journalists' ears by editors

- "Maria Luís [Albuquerque] 'passes'" as Portugal's nomination for European commissioner, in her case for financial services and the savings and investment union

- "The 'bridges' in 2025" - gaps between public holidays and weekends, allowed off by many employers, or taken off by employees

Nascer do Sol: 

- "Budget: 'Carlos César [Socialist Party president] will put the house in order'" 

- "AR [parliament] resolution wants gays, gypsies, migrants and people of African descent in the security forces" 

- "Ana Jacinto, secretary-general of AHRESP [hospitality sector association]: 'In tourist areas, restaurants are having greater difficulties'" 

- "Anonymous reports flagging up children who are not at risk" 

- "Local elections. José Luís Carneiro [former minister and former candidate for PS leader] considers standing for Lisbon" mayor 

- "Campo de Ourique. Robberies scare shopkeepers" 

- "Amadeu Guerra. PS and PSD say there's no age limit for PGR" - new attorney general is 69

- "Portugal Tomorrow. Labour: Should companies be more flexible?" 

- "Euronews. Change of course in immigration policy" 

- "A unique world. Through the lens and stories of Sofia Saldanha" - pioneering radio producer who died aged 47 in 2022

Público: 

- "On hold" - PS verdict on state budget awaited

- "Public accounts. With so many measures, only a strong economy will maintain the surplus" 

- "Income. Taxpayers will pay less tax on labour in 2025" 

- "Young people. Even without the State Budget, those starting work in 2025 will be exempt from personal income tax" thanks to scheme already in place

- "Francis Ford Coppola: “As a second-rate director, I'm first-rate”" 

- "Literature. Han Kang, a Nobel laureate for writing about trauma" 

- "Tennis. The inevitable farewell to champion Rafael Nadal" 

- "Sao Tome. A Portuguese man among those indicted for the alleged 2022 coup" 

- "Longevity. Eating fewer calories helps more than intermittent fasting"

Correio da Manhã:

- "New fiscal record in 2025. State raises 7.2 million [euros] an hour"

- "Budget in your pocket. Find out how much tax you'll pay"

- "Immigration 'mafia' involved in the death of a mother of three"

- "Marquês case. No judge wants [former PM José] Socrates's case"

- "Leiria. Polytechnic professor arrested for stabbing three people"

- "Lisbon. Triple murderer in pre-trial detention"

- "Benfica. Passing and speed give Tomás Araújo an edge"

- "FC Porto. Zaidu returns after injury ordeal"

Jornal de Notícias: 

- "Drivers will pay youth tax rebates" 

- "327 euros. A pensioner who receives 900 euros a month will save 327 euros a year in IRS" 

- "12,180 euros. The tax threshold is changed. Only those with a higher annual salary will be taxed" 

- "PS says it will decide 'in due course'. André Ventura [leader of far-right Chega, third-largest party in parliament] to vote against and accuses Montenegro of 'betraying the right'" by negotiating with the left

- "Five years to reduce the journey between Porto and Lisbon to two hours. Work on the TGV [high-speed train] linking Campanhã and Oiã, in Aveiro, includes another bridge over the Douro with two decks"

- "Nadal. The end of a tennis giant's career" 

- "Elections. [Ex-referee Pedro] Proença gains support in the race to lead the FPF" - Portuguese Football Federation

- "Justice. Inspectors assesses the past of the new PGR" 

- "Famalicão. Road management for 4 million" 

- "Literature. South Korean pacifist Han Kang receives Nobel" 

Diário de Notícias: 

- "OE2025. Budget wants to make the country grow, but has 'little scope' to make mistakes and negotiate" 

- "War. Zelensky on European tour to promote 'victory plan'" 

- "Tennis. Rafa Nadal will always have Paris. The farewell of 'El Toro', beaten by pain and age" 

- "Literature. Han Kang, the Nobel Prize winner from South Korea" 

- "Controversy. Macron will "fight" for Emily to stay in Paris and Rome tells him to 'relax'" 

Negócios: 

- "A budget on a knife edge" 

- Altice founder Patrick "Drahi wants debt discount and gives up 15% of Altice France" 

- "Interview with [university professor] Viriato Soromenho-Marques: 'We may see the two wars come together'"

Jornal Económico: 

- "Government changes leadership of Banco de Fomento" state investment bank

- "OE2025 to reduce tax burden and achieve record revenue"

- "Who is Mexico's new strongwoman?" 

- "Pêra-Manca [top Portuguse wine] costs 350 euros per bottle and will sell out fast" 

- "All the changes to the football transfer rules" 

- "Anniversary conference. The ideas of [banker António] Horta-Osório, [Minister of Economy] Pedro Reis, [Oeiras mayor] Isaltino Morais, [PS MP Sérgio] Sousa Pinto, [Bank of Portugal deputy governor Luís] Máximo dos Santos, [law professor] Gonçalo Matias and [economics professor] João Gama" 

- "Electric Ferrari sounds sacrilegious: it's not. The e-factory opens in 2025" 

- "The Pap'Açôrda fashion is still as good as the mousse" - famous Lisbon restaurant still booming 

- "Altice negotiates sale of FastFiber to Morgan Stanley" 

- "Deposits worse than savings certificates" as interest rates offered by banks slide

- "BCP affected by countercyclical cushion" 

- "Hyatt arrives in Madeira focussed on the luxury market"

ARO // ARO.

Lusa