In a pivotal move Portugals parliament on Tuesday approved the centre-right minority governments 2026 budget bill during its initial reading This outcome was significantly influenced by the opposition Socialist Partys abstention despite strong opposition from the far-right Chega and several smaller parties The bill aims to achieve marginally stronger economic growth of 23 following a predicted expansion rate of 20 this year The government is targeting a small surplus maintaining a trend for the fourth consecutive year despite implementing new tax reductions for businesses and lower-income households
Portugal's 2026 Budget Bill Clears First Hurdle Amid Political Complexities
