Portugal has recorded consecutive budget surpluses since the government took office.

Omissions

• The claim refers to recorded (past) surpluses; the European Commission's forecast (published 2025) projects the surplus to slip into a deficit of 0.1% of GDP in 2026, so the streak may not continue.
• Portugal's surpluses actually predate the current government: the country also recorded a surplus in 2023, so the streak is longer than the 'since the government took office' framing implies.
• The word 'spectacularly' is a rhetorical/subjective characterisation; the measurable fact is a debt ratio drop of about 3.8 percentage points of GDP between 2024 and 2025.

Sources

• PrimaryEuropean Commission — Economic forecast for PortugalPublic debt fell from 93.5% of GDP in 2024 to 89.7% of GDP in 2025. Over the forecast horizon, the downward trend is projected to continue... The general government surplus is forecast to slip into a deficit of 0.1% of GDP in 2026 and 0.4% of GDP in 2027, assuming unchanged policies.
• PrimaryEuropean Commission — Country report Portugal (Economy and Finance)The general government surplus reached 0.7% of GDP in 2025, from 0.6% of GDP in 2024, mostly on the back of buoyant tax revenues and social contributions.
• PrimaryPortuguese Public Finance Council (CFP) — General Government budget outturn in 2025The fiscal balance calculated by the national statistical authorities stood at 0.7% of GDP, 0.1 percentage points of GDP higher than in 2024.
• SecondaryTrading Economics — Portugal Government BudgetPortugal recorded a Government Budget surplus equal to 0.70 percent of the country's Gross Domestic Product in 2025.