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Portuguese government engages in long term budget plan
Britain News.Net
Sunday 7th March, 2010
The Portuguese government has released some vague details of a long-term budget austerity plan.
Guidelines of the plan were released after the government made a commitment to reduce the country's deficit.
Lisbon's large budget deficit has been under scrutiny by the EU since Greece's fiscal crisis erupted.
On Saturday, after an extraordinary cabinet meeting, the State Secretary for Cabinet Joao Silveira said the programme combined public spending cuts with fiscal stability, but did not go into any further detail.
Silveira said the plan would be discussed with political parties and social partners before being laid before the public.
Prime Minister Jose Socrates has called for meetings for Monday with all opposition parties, unions and business groups to discuss the plan.  Email this story to a friend
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