Local elections in Portugal take place along with budget cuts

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Local elections in Portugal will take place this Sunday, while the government is planning high budget cuts in 2014 to get approval for a new 78 billion euros bailout program. Government is going to decrease budget spending by 3.3 billion euros. Meanwhile, experts say that local election results will not be influenced by state austerity measures, as people in Portugal mostly evaluate local financial policies.
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