Fernando Medina's guarantee was made during a parliamentary hearing at the Budget and Finance Committee (COF) on the State Budget proposal for 2024 (OE2024), when asked about the topic by Chega deputy André Ventura.

“No increase in IMI is foreseen in OE2024, nor any that I can prescribe for the future”, guaranteed the government official.

IMI is levied on the tax value of rural and urban buildings, with revenue falling to the municipalities where they are located.