Jobs plan will leave exchequer €200m better off

The government’s jobs initiative, which was announced last week, will leave the state €200 million better off in its first year, the Department of Finance has confirmed.

14th May, 2011

The government’s jobs initiative, which was announced last week, will leave the state €200 million better off in its first year, the Department of Finance has confirmed.

The controversial pension levy in the plan has been backdated to January 1, and will raise €470 million for the government this year.

However, an examination of the projected spending figures on the jobs initiative shows that the government will spend just €270 million, leaving a net...

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