Portugal's centre-right minority government rolled out its first budget bill on Thursday, projecting a slight pick-up in growth and a small surplus despite the inclusion of tax cuts for young people and businesses,

Portugal's centre-right government introduced its first budget, aiming for growth and a surplus, despite tax cuts and wage hikes. A failure to pass could collapse the government. Key proposals include tax exemptions for young workers and reduced corporate tax rates to support the economy and investment.

The Portuguese government is proposing to slash taxes for under-35s in an attempt to dissuade young people from emigrating - and encourage foreigners to settle in Portugal. As part of the annual budget,

Prime Minister Luis Montenegro wants to see income tax lowered for under-35s, specifically those earning up to €28,000 (£23,400).