Friday November 27, 2020

Cutbacks and tax rises key to recovery

A mix of spending cutbacks and tax increases will be needed to restore Ireland’s public finances to stability, according to a confidential document drawn up for discussion among the social partners.

17th January, 2009

A mix of spending cutbacks and tax increases will be needed to restore Ireland’s public finances to stability, according to a confidential document drawn up for discussion among the social partners.

It says that falling price levels mean that the national pay agreement must now be re-examined, but criticises some recent commentary that it says has focused solely on public sector pay cuts as a way of restoring order to the public finances.

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