Adoption of the Portuguese national budget for 2016

Portugal's parliament approved on 22 February 2016 in first reading the country's national budget for 2016, pledging to reverse austerity measures. It was seen as high-risk by critics and investors, with the centre-left government under pressure from the European Union to stay on a disciplined path.

It was also the first time in over 40 years of the country's democracy that leftist parties within the parliament voted in favour of a budget document.

Euronews, 23.02.16: Portugal parliament approves Socialist budget bill in first reading http://www.euronews.com/business-newswires/3156885-portugal-parliament-approves-socialist-budget-bill-in-first-reading/

EUObserver, 26.05.16: How Portugal's leftist 'contraption' works https://euobserver.com/beyond-brussels/133551

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