Portugal's ruling Socialists party wins early election by a wide margin but may still fall short of an outright majority while the far-right made huge gains, exit polls show
A stable government is needed for Portugal to make the most of a $18.7 billion package of European Union recovery funds it is due to receive by 2026.
That would give the Socialists 100 to 118 seats in the 230-seat parliament, up from 108 in the outgoing assembly.At the Socialist party's campaign headquarters, supporters stood up cheering as the projected results were published. The early election came as the nation of around 10 million people tries to boost its tourism-dependent economy which has been badly hit by the pandemic.
But the two formations turned against him in October and joined forces with the right to vote down his draft 2022 budget, prompting Sunday's early election.
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