Ministers facing most difficult spending round since 1997

Government believes we can ride out this storm if we grit our teeth, hold tight and wait.

21st June, 2008

Government believes we can ride out this storm if we grit our teeth, hold tight and wait.

Squeezed by slowing economic growth and resultant reduced taxation revenues, bearing increased social welfare bills because of rises in unemployment, the government is facing into the most difficult spending round since Fianna Fáil took office in 1997, documents obtained under the Freedom of Information Act reveal.

The annual budget strategy memorandum is nearing finalisation in the Department...

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