IL makes budget proposals to "ease the cost of living"

The Liberal Initiative (IL) proposed 36 amendments to the 2027 State Budget, focusing on housing, fuel, and income tax to ease the cost of living for Portuguese citizens. Key proposals include a 6% VAT on housing construction without price ceilings, a five-year IRS exemption for landlords renting previously vacant homes, and a reduction of IRS on rents to zero for long-term contracts. The party also suggests lowering the ISP on fuels to the European average and maintaining agricultural fuel support until the end of 2027. Additionally, IL aims to reduce IRS by approximately €1.6 billion, emphasizing that government spending should not exceed the nominal GDP growth. They also advocate for measures to curb wasteful spending, such as requiring parliamentary approval for state investments in private companies.