Government's austerity plan – Additional measures approved by parliament

On 9 June 2010, the parliament approved the Bill Proposal 26/XI which includes additional measures to the "Program of Stability and Growth" (Programa de Estabilidade e Crescimento – PEC). The approval was made by means of the Decree of the Assembly 23/XI, which must be ratified by the President and published in the Republic Gazette.

Details of the Bill are summarized below.

(a) Increased withholding taxes. The Bill provides for an increase by 1.…