LISBON (Reuters) -Portugal's parliament threw out the minority Socialist government's 2022 budget bill on Wednesday, paving the way for snap elections and ending six years of relative political stability under Prime Minister Antonio Costa.
Costa's hard-left former allies sided with the conservatives to defeat the bill that envisaged income tax cuts for the middle class and increased public investment while cutting the deficit to 3.2% of gross domestic product from 4.3% in 2021.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!