To achieve these main objectives, social partners agreed on the following measures:

Rebalance incomes: the goal is to reach 2026 with a weight of wages in national wealth identical to the European average, rising from 45.3 per cent to 48.3 per cent. This also implies an effort to update wages annually, as defined in the agreement, starting at 5.1 per cent in 2023 and up to 4.6 per cent in 2026. 

Reinforce the competitiveness of companies: the government has committed to eliminating and simplifying bureaucratic processes and creating new payment channels for Social Security. Small and medium-sized companies, which have, according to their turnover, a corporate income tax rate of 17 per cent, in the event of a merger, will retain the corporate income tax rate even if their turnover exceeds the limit set that allows for that rate.

Retain young talent: the agreement provides the creation of an annual programme of support for the hiring without term of qualified youths, which, over the four years as a whole, will cover the hiring of around 25,000 youths and the review of the State's salary table, fixing at 1320 euros per month the entry position in the career of a senior technician.

Mitigate the increase in the cost of energy for citizens and companies: the measure with the greatest impact is to reinforce by another three billion euros the State's allocation to the energy system to mitigate the rises in electricity and gas prices.

António Costa underlined that the agreement was made in a context of an absolute majority. "The capacity for dialogue, the centrality of social consultation and tripartite dialogue" is of the utmost importance because "no majority is self-sufficient".

Both employers and workers stressed that this agreement benefits all involved, but it is only the beginning, especially in a context of so much unpredictability.

António Saraiva, president of the Confederation of Portuguese Business, said: “It is a starting point; we have four budgets in the time horizon of this agreement".