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Story summary
- The European Commission said Portugal's proposed State Budget for 2026 (OE2026) aligns with EU recommendations but warns net spending exceeds advised limits.
- Portugal risks surpassing the net-spending cap, with a 26% increase in 2026, above the 23.4% limit.
- Despite warnings, the Commission expects a "close to balance" budget that supports debt reduction.
- Spain faces similar concerns, with spending growth exceeding EU limits, though deviations are not critical.
