LISBON, Portugal (AP) Portuguese opposition parties and labor groups vowed Wednesday to fight the government's latest austerity measures, which are being adopted in return for a 78 billion-euro ($105.6 billion) bailout agreed on in 2011.
The state budget proposal for 2014, published late Tuesday, includes cuts to the pay and pensions of state employees for a third straight year as the government looks to save 3.9 billion euros. Government workers earning more than 600 euros a month will have their pay cut by up to 12 percent, while pensions higher than 600 euros a month will be reduced by about 10 percent.
The Common Front, an umbrella group that includes more than 30 trade unions representing government workers, announced a national strike by its members Nov. 8.
The main opposition Socialist Party described the draft budget as "brutal" and said it will vote against the spending plan in Parliament later this month, though the coalition government has enough votes to push through its proposal.
The government says it has to slash spending to meet next year's deficit target of 4 percent of GDP, which is demanded by the country's bailout creditors. The government forecasts that the deficit for this year will be 5.9 percent.
