Portugal’s minority government said it’s awaiting ongoing negotiations with the opposition Socialist Party before it presents a final proposal for the 2025 budget.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago,

Portugal’s biggest opposition party said it’s “on the path” to let the minority government’s 2025 budget pass in parliament after the two sides made progress in negotiations.

Portugal's minority centre-right government has watered down its proposals for two major tax cuts, aiming to convince the main opposition Socialists to allow the passage of the 2025 budget in parliament.