Portugal’s new government vows to keep balanced budgets, privatise TAP
Portugal’s new minority centre-right government plans to maintain balanced budgets, reduce public debt, and privatize flag carrier TAP. The previous Socialist administration saw a budget surplus last year, and the new government aims to continue with the privatization process, attracting interest from companies like Lufthansa, Air France-KLM, and IAG. Prime Minister Luis Montenegro intends to fully privatize TAP, and the government’s program includes proposals from other parties’ electoral programs. The program will be debated in parliament later this week.