Portugal Adopts Tough Austerity Budget Amid Massive Protests – 27 November 2013

RT logoDebt-ridden Portugal approved Tuesday a harsh austerity budget for 2014 as thousands protested against the measure, with some demonstrators entering ministry buildings and the parliament.

The ruling center-right coalition, which holds 132 of 230 parliament seats, overrode left-wing opposition to adopt the budget, which intends to save 3.9 billion euros (US$5.3 billion), in part by cutting public sector salaries and pensions.

The adopted budget would cut civil servant wages by between 2.5 and 12 percent for earners of more than 675 euros per month ahead of taxes. Public pensions worth more than 600 euros per month would be cut by 10 percent. The age for getting a full pension would also go up to 66 from 65 as it is now, and spouse pensions would be means-tested.

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