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Portugal Approves Extra Pension, Tax Cuts to Ease Living Costs
Source: Bloomberg
Fiscal Policy & BudgetTax & TariffsInflationElections & Domestic Politics
Portugal approved an additional pension payment for more than 2 million retirees and plans to cut personal income-tax rates to relieve household cost-of-living pressures. The fiscal support should bolster disposable income and consumer demand, though it may increase pressure on the government budget.
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