Thursday April 9, 2020

IBEC urges €2.7bn budget cut

Business employers group IBEC has urged the government to stick by its plan to reduce Ireland's deficit by €3.6 billion in the upcoming budget.

29th September, 2011
2
IBEC director general Danny McCoy

Business employers group IBEC has urged the government to stick by its plan to reduce Ireland's deficit by €3.6 billion in the upcoming budget.

In its pre-Budget submission it said spending cuts of €2.7 billion plus additional tax increases would achieve the target of an 8.6 per cent deficit reduction.

It also asked for stamp duty and property tax incentives to target first-time buyers, pension reform and a major overhaul of the social welfare system.

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