Parliament approves draft budget

in News · 29-10-2020 11:36:00 · 0 Comments

Portugal’s parliament has approved the minority Socialist government’s draft 2021 budget on its first reading on Wednesday, paving the way for a steep increase in public investment to reboot the coronavirus-battered economy.

The budget will now go to committees for further discussions and possible changes before a final vote on November 26. The budget projects an extra 550 million euros in families’ pockets through boosting unemployment subsidies and pensions, providing a new social benefit for the poorest workers, and reducing value-added tax on electricity.


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