Portugal Proposes Higher Public Spending Threshold

A new legislative initiative introduced to the Portuguese Parliament seeks to increase the spending ceiling for public entities. The proposal would raise the limit to 10 million euros for expenses that do not require prior approval from the Court of Auditors. The initiative also includes provisions for investments dedicated to reconstruction and rehabilitation following extreme weather events like storms. Additionally, the initiative seeks to exempt investments intended for reconstruction and rehabilitation following extreme events, such as storms and fires, from the requirement for prior approval. The proposal aims to streamline spending in these specific contexts.