Budget caps can’t be breached, says Lenihan

Cuts will be made in spending programmes which are heading over budget each year, Minister for Finance Brian Lenihan has warned.

1st January, 2011

Cuts will be made in spending programmes which are heading over budget each year, Minister for Finance Brian Lenihan has warned.

The minister said new rules, which were being introduced as part of the four-year plan, involved caps on spending which could not be breached under the agreement reached with the EU and the IMF.

This means that the government will have to adhere to its spending budget each year and will only be able...

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