Government faces budget challenge

in News · 23-12-2015 08:20:00 · 0 Comments
Government faces budget challenge


The Socialist government will today face its first parliamentary challenge when it attempts to pass a revised state budget for 2016.


The new accounts for next year have been drawn up from the bailout of Banif bank which has come at a cost of at least 2.25 billion euros to the taxpayer and which will see the budget deficit rise from 3 to 4 percent.


Two of the government’s leftist partners, the Communists and the Greens, have already said they would vote against the revision.


This leaves the Socialist requiring the votes of the centre-right PSD and CDS to pass the budget or be forced to call off Banif’s sale to Santander.



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