Radio Havana Cuba

A friendly voice around the world

  • Follow Us on

#NoMasBloqueo #SolidaridadVsBloqueo

Portugal Adopts Austerity Budget Plan Amid Protests

Lisbon, November 27 (RHC)-- The Portuguese parliament has adopted the 2014 austerity budget amid protests held to call on the government to resign and pave the way for immediate elections. Portuguese lawmakers approved the 2014 budget on Tuesday, bringing a third straight year of cuts affecting public sector wages and the pension program. The budget is expected to save 3.9 billion euros or about 2.3 percent of Portugal's annual GDP.

Among the budget measures were an increase in the public sector workweek by five hours, slashes to retirement pensions by 10 percent as well as salary cuts of up to 12 percent for those who earn more than 600 euros a month.

This is while protesters gathered outside the parliament calling for nationwide rallies against more cuts as demanded by the troika of lenders - the European Commission, the International Monetary Fund and the European Central Bank.

The protesters said the budget plan robs people of their salaries and pensions.

Opposition groups and unions said they will challenge the budget even though it will likely pass the parliament.

Edited by Juan Leandro
Commentaries
MAKE A COMMENT
  • Return of Cuban doctors from Brazil begins soon
  • RHC's Arts Roundup
  • Puerto Rican activist: Thanks to Cuba, Puerto Rico has had a presence at the United Nations
  • Caravan of uncertainty
  • Cuba says lack of political will by industrialized nations hampers eradication of poverty and hunger
  • Excerpts of the address by foreign minister Bruno Rodríguez at 26th Ibero-American Summit
NUMBER OF HITS/VISITORS

5350652

  • Max: 19729
  • yesterday: 3487
  • today: 646
  • online: 118
  • total: 5350652