Prime Minister Luís Montenegro promised to reduce this year's personal income tax by 1.5 billion euros. But 88% of the cut is a measure in force by the previous socialist Executive.

The new Government will only add around 200 million to the 1,327 million cut by Costa's previous team in income taxes. In a statement, the Government defended the prime minister's words as truthful. The opposition demands accountability from the Prime Minister for having announced a tax reduction in his first speech before the Chamber of Deputies on Thursday. “This is not a fiscal shock, it is a fiscal touch-up,” lamented Rui Rocha, leader of the Liberal Initiative, the party most likely to reach an agreement with the government of the conservative Democratic Alliance, the coalition that narrowly won the elections in March and who headed the PSD of Montenegro. The socialists are going to ask in the Assembly of the Republic for an urgent debate with the Minister of Finance, Joaquim Miranda Sarmiento, to clarify the fiscal plan.