{"id":423035,"date":"2026-03-26T19:46:57","date_gmt":"2026-03-26T22:46:57","guid":{"rendered":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/"},"modified":"2026-03-26T19:46:57","modified_gmt":"2026-03-26T22:46:57","slug":"descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025","status":"publish","type":"post","link":"https:\/\/portaltela.pt\/orcamento\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/","title":{"rendered":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025"},"content":{"rendered":"<p>O excedente or\u00e7amental de 2025 em Portugal atingiu 0,7% do PIB, segundo dados preliminares. O resultado foi impulsionado por contribui\u00e7\u00f5es recordes para a Seguran\u00e7a Social e por cortes no investimento p\u00fablico. As cifras destacam um desempenho fiscal inesperado.<\/p>\n<p>O governo aponta as medidas de conten\u00e7\u00e3o dos gastos e a melhoria da cobran\u00e7a de contribui\u00e7\u00f5es como fatores-chave. A evolu\u00e7\u00e3o tamb\u00e9m reflete o ritmo de execu\u00e7\u00e3o do investimento p\u00fablico nos primeiros meses do ano.<\/p>\n<p>Participam na trajet\u00f3ria o Minist\u00e9rio das Finan\u00e7as, a Seguran\u00e7a Social e entidades da Administra\u00e7\u00e3o P\u00fablica. O relat\u00f3rio refor\u00e7a que o excedente resulta de escolhas de pol\u00edtica econ\u00f3mica adotadas no decorrer de 2025.<\/p>\n<h3>Contexto financeiro e pr\u00f3ximos passos<\/h3>\n<p>Analistas ressaltam que o efeito de curto prazo depende da continuidade da trajet\u00f3ria fiscal. As autoridades devem publicar dados finais com a evolu\u00e7\u00e3o do PIB, contributos sociais e a execu\u00e7\u00e3o or\u00e7amental ao longo do ano.<\/p>\n","protected":false},"excerpt":{"rendered":"<ul>\n<li>O excedente or\u00e7amental de 2025 atingiu 0,7% do PIB.<\/li>\n<li>Contribui\u00e7\u00f5es para a Seguran\u00e7a Social estiveram em n\u00edveis recorde.<\/li>\n<li>Houve cortes significativos no investimento p\u00fablico que ajudaram a ampliar o saldo.<\/li>\n<li>As medidas impactaram as contas p\u00fablicas, com expectativa de evolu\u00e7\u00f5es futuras associadas.<\/li>\n<\/ul>\n","protected":false},"author":2,"featured_media":423036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"summary":"Excedente de 0,7% do PIB em 2025, alimentado por contribui\u00e7\u00f5es recordes para a Seguran\u00e7a Social e cortes no investimento, com impactos nas contas p\u00fablicas e perspetivas futuras","footnotes":""},"categories":[1,7383],"tags":[6115,168,28,316,6000,243],"class_list":["post-423035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias","category-orcamento","tag-_economia","tag-administracao-publica","tag-economia","tag-investimento","tag-orcamento","tag-seguranca-social"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal\" \/>\n<meta property=\"og:description\" content=\"O excedente or\u00e7amental de 2025 atingiu 0,7% do PIB. Contribui\u00e7\u00f5es para a Seguran\u00e7a Social estiveram em n\u00edveis recorde. Houve cortes significativos no investimento p\u00fablico que ajudaram a ampliar o saldo. As medidas impactaram as contas p\u00fablicas, com expectativa de evolu\u00e7\u00f5es futuras associadas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Portal Tela Portugal\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-26T22:46:57+00:00\" \/>\n<meta name=\"author\" content=\"Telinha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Telinha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo estimado de leitura\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/\"},\"author\":{\"name\":\"Telinha\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/#\\\/schema\\\/person\\\/c4278d4a6028830caff9ee44b42d32ed\"},\"headline\":\"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025\",\"datePublished\":\"2026-03-26T22:46:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/\"},\"wordCount\":178,\"image\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2026\\\/03\\\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg\",\"keywords\":[\"_economia\",\"administra\u00e7\u00e3o p\u00fablica\",\"economia\",\"investimento\",\"or\u00e7amento\",\"seguran\u00e7a social\"],\"articleSection\":[\"Not\u00edcias\",\"Or\u00e7amento\"],\"inLanguage\":\"pt-PT\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/\",\"url\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/\",\"name\":\"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2026\\\/03\\\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg\",\"datePublished\":\"2026-03-26T22:46:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/#\\\/schema\\\/person\\\/c4278d4a6028830caff9ee44b42d32ed\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#breadcrumb\"},\"inLanguage\":\"pt-PT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-PT\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#primaryimage\",\"url\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2026\\\/03\\\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg\",\"contentUrl\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2026\\\/03\\\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg\",\"width\":1200,\"height\":629,\"caption\":\"Foto: Leonardo Negr\u00e3o\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/noticias\\\/2026\\\/03\\\/26\\\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\\\/\\\/portaltela.pt\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/#website\",\"url\":\"https:\\\/\\\/portaltela.pt\\\/\",\"name\":\"Portal Tela Portugal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/portaltela.pt\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt-PT\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/#\\\/schema\\\/person\\\/c4278d4a6028830caff9ee44b42d32ed\",\"name\":\"Telinha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-PT\",\"@id\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2025\\\/11\\\/talking-bot-125x125.png\",\"url\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2025\\\/11\\\/talking-bot-125x125.png\",\"contentUrl\":\"https:\\\/\\\/portaltela.pt\\\/s.01k8rhncp4jt1\\\/2025\\\/11\\\/talking-bot-125x125.png\",\"caption\":\"Telinha\"},\"sameAs\":[\"https:\\\/\\\/portaltela.pt\\\/\"],\"url\":\"https:\\\/\\\/portaltela.pt\\\/por\\\/367410592786\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"pt_PT","og_type":"article","og_title":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal","og_description":"O excedente or\u00e7amental de 2025 atingiu 0,7% do PIB. Contribui\u00e7\u00f5es para a Seguran\u00e7a Social estiveram em n\u00edveis recorde. Houve cortes significativos no investimento p\u00fablico que ajudaram a ampliar o saldo. As medidas impactaram as contas p\u00fablicas, com expectativa de evolu\u00e7\u00f5es futuras associadas.","og_url":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/","og_site_name":"Portal Tela Portugal","article_published_time":"2026-03-26T22:46:57+00:00","author":"Telinha","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Telinha","Tempo estimado de leitura":"1 minuto"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#article","isPartOf":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/"},"author":{"name":"Telinha","@id":"https:\/\/portaltela.pt\/#\/schema\/person\/c4278d4a6028830caff9ee44b42d32ed"},"headline":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025","datePublished":"2026-03-26T22:46:57+00:00","mainEntityOfPage":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/"},"wordCount":178,"image":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2026\/03\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg","keywords":["_economia","administra\u00e7\u00e3o p\u00fablica","economia","investimento","or\u00e7amento","seguran\u00e7a social"],"articleSection":["Not\u00edcias","Or\u00e7amento"],"inLanguage":"pt-PT"},{"@type":"WebPage","@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/","url":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/","name":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025 - Portal Tela Portugal","isPartOf":{"@id":"https:\/\/portaltela.pt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#primaryimage"},"image":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2026\/03\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg","datePublished":"2026-03-26T22:46:57+00:00","author":{"@id":"https:\/\/portaltela.pt\/#\/schema\/person\/c4278d4a6028830caff9ee44b42d32ed"},"breadcrumb":{"@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#breadcrumb"},"inLanguage":"pt-PT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/"]}]},{"@type":"ImageObject","inLanguage":"pt-PT","@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#primaryimage","url":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2026\/03\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg","contentUrl":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2026\/03\/dn2F2025-10-292F7jd0tf0o2F028A0745-copy.jpg","width":1200,"height":629,"caption":"Foto: Leonardo Negr\u00e3o"},{"@type":"BreadcrumbList","@id":"https:\/\/portaltela.pt\/noticias\/2026\/03\/26\/descontos-recorde-e-cortes-de-investimento-aumentam-excedente-orcamental-em-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/portaltela.pt\/"},{"@type":"ListItem","position":2,"name":"Descontos Recorde e Cortes de Investimento Aumentam Excedente Or\u00e7amental em 2025"}]},{"@type":"WebSite","@id":"https:\/\/portaltela.pt\/#website","url":"https:\/\/portaltela.pt\/","name":"Portal Tela Portugal","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/portaltela.pt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt-PT"},{"@type":"Person","@id":"https:\/\/portaltela.pt\/#\/schema\/person\/c4278d4a6028830caff9ee44b42d32ed","name":"Telinha","image":{"@type":"ImageObject","inLanguage":"pt-PT","@id":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2025\/11\/talking-bot-125x125.png","url":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2025\/11\/talking-bot-125x125.png","contentUrl":"https:\/\/portaltela.pt\/s.01k8rhncp4jt1\/2025\/11\/talking-bot-125x125.png","caption":"Telinha"},"sameAs":["https:\/\/portaltela.pt\/"],"url":"https:\/\/portaltela.pt\/por\/367410592786\/"}]}},"_links":{"self":[{"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/posts\/423035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/comments?post=423035"}],"version-history":[{"count":0,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/posts\/423035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/media\/423036"}],"wp:attachment":[{"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/media?parent=423035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/categories?post=423035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/portaltela.pt\/api\/wp\/v2\/tags?post=423035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}