Government submits third supplementary budget proposal for 2026 to Parliament

In the third supplementary budget proposal for 2026, the appropriation requirement will increase by EUR 139 million, while actual revenue will increase by EUR 585 million. Together, these will reduce the central government’s net borrowing requirement by EUR 446 million. When taking debt management items into account alongside changes in revenues and appropriations, the central government’s nominal net borrowing in 2026 is estimated to be EUR 13.6 billion. The estimate excludes the non-recurring revenue recognition arising from the dissolution of the National Housing Fund (approximately EUR 2.3 billion), which will have no impact on borrowing. Revenue estimates incorporate Ministry of Finance’s September forecast and latest accrual data The Government proposes increasing the revenue estimate by EUR 585 million and the tax revenue estimate by EUR 1,058 million. The new estimate is based on the macroeconomic forecast published by the Ministry of Finance in September and the latest accrual data. The proposal includes increases in revenue from earned income and capital income taxes (EUR 316 million), corporate income tax (EUR 221 million), inheritance and gift taxes (EUR 330 million), v

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