LISBON (Reuters) - Portugal's parliament rejected the minority Socialist government's 2022 budget bill on Wednesday as the hard left sided with the conservative opposition, in a move likely to trigger snap elections in coming months.
Lawmakers voted 117-108 with 5 abstentions to throw out the bill that envisaged income tax cuts for the middle class and increased public investment to spur post-pandemic recovery, while reducing 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!