LISBON, Portugal (AP) - Portugal's main opposition Socialist Party is promising to deliver more growth and less austerity if it regains power in October elections.

LISBON, Portugal (AP) Portugal's main opposition Socialist Party is promising to deliver more growth and less austerity if it regains power in October elections.

The center-left Socialists have said they intend to abide by fiscal discipline rules governing countries sharing the euro currency. But party leader Antonio Costa says the center-right government of the past four years cut too deep after Portugal's 78 billion-euro ($86 billion) bailout in 2011.

The Socialists said Wednesday they will boost the economy and create around 200,000 new jobs by temporarily lowering social security taxes. That, they say, will fuel an increase in private consumption.

Due to the lower tax, the budget deficit will fall below 3 percent of gross domestic product a eurozone requirement only in 2017 under the Socialists.