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IBEC says €3.6 bln budget cut enough

Business employers group IBEC has advised the government against a dramatic budget adjustment and predicted 2.4 per cent growth in 2012

26th October, 2011
Danny McCoy, IBEC

IBEC has told the government that its forecast for economic growth would mean a budget adjustment of €3.6 billion would be sufficient to meet the EU/IMF 8.6 oper cent deficit target.

The group said that a significantly higher figure would do little to aid economic recovery or hasten Ireland's return to international money markets.

The group said the budgetary adjustment should be done in a way that is least damaging to growth and employment; the...

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