The Portuguese prime minister José Sócrates announced on Wednesday (25 May) in the parliament a package of austerity measures aimed at axing 0.63 per cent of the country's 6.83 per cent deficit by the end of the year.
Such a reduction means the government plans to have a deficit of 6.2 per cent of GDP by the end of 2005, saving between 830 and 956 million euro, according to Jornal de Notícias.
"We are in the middle of the year and we have in our State Budget a set of expenses that...
Back our independent journalism by becoming a supporting member
Already a member? Login here