Portuguese government set to unveil austerity budget
Monday 15 October 2012
Portugal's government is putting the finishing touches to a draft budget for next year which is expected to be one of the toughest in the country's recent history.
Finance Minister Vitor Gaspar has said the spending plan will include an "enormous" increase in taxes as well as further cuts in public services and civil service layoffs.
Portugal needed a 78 billion euros (£62.8 billion) bailout last year to avoid bankruptcy when it was engulfed by the eurozone's debt crisis.
But it has struggled to reduce its deficit because the cuts have deepened a recession, sending unemployment to a record 15.9%.
The centre-right government's austerity policies have triggered broad public outrage and brought tensions between the two parties in the governing coalition.
The government is due to publish the budget draft later today.
- 1 Amy Winehouse statue unveiled in Camden
- 2 Lego breaks out of the toy box and heads for the gallery
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Scotland independence vote: Everything you ever wanted to know about life after the result
Amy Winehouse statue unveiled in Camden
Jennifer Lawrence and Kate Upton nude pictures exhibition cancelled after artist concedes photos were 'stolen property'
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Dorset named best place to retire in England and Wales
George Galloway on Scottish independence: The political class is doing what Hitler couldn’t – destroying Britain
Daniele Watts: Django Unchained actress detained in Los Angeles after being mistaken for a prostitute
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Scottish independence: Britain faces 'constitutional crisis' at next election
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
£50 - £65 per day: Randstad Education Leeds: We are looking for flexible and i...
£50 - £65 per annum: Randstad Education Leeds: We are looking for flexible and...
£130 - £160 per day: Randstad Education Leeds: Qualified KS2 Supply Teacher r...
£130 - £160 per day: Randstad Education Leeds: Qualified KS1 Teacher required,...