Government plans to slash capital spend by €1 billion

The government is expected to slash €1 billion from spending on capital projects in a bid to meet its targeted cuts in the December budget.

24th October, 2009

The government is expected to slash €1 billion from spending on capital projects in a bid to meet its targeted cuts in the December budget.

As discussions on the budget continue at cabinet level, highly-placed sources suggested up to a quarter of the €4 billion savings required would come from next year’s capital budgets. The move, less politically sensitive than cuts in other areas, will be agreed in the coming weeks.

Falling construction...

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