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Portugal

Portuguese budget set to pass thanks to abstentions

epa08114770 Portugal's Prime Minister Antonio Costa (L) speaks with Minister of State and Finance Mario Centeno (R) during the general debate on the State Budget for 2020 (OE2020) at the Portuguese Parliament in Lisbon, Portugal, 09 January 2020. EPA-EFE/MIGUEL A. LOPES

Portuguese Prime Minister Antonio Costa’s 2020 budget is set to pass in an initial vote in parliament on Friday after the Left Bloc joined other parties in announcing it will abstain.

The announced abstention of the Left Bloc, the Communists, Greens and the People-Animals-Nature party are enough to let the minority government’s budget pass after the ruling Socialist Party increased its number of seats in parliament to 108 in the 230-seat chamber following the Oct. 6 election. Approval requires a simple majority.

Via Bloomberg 

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