Tuesday August 11, 2020

No room to manoeuvre

There are a number of ways in which Brian Lenihan can raise money in December’s budget, but all eyes will be on the issue of public sector pay

7th November, 2009

The scale of the problem facing the government as it tries to tackle the public finances will be outlined this week, when official forecasts are published for 2010 in the pre-budget report.

These will show that, if the government were to make no cutbacks, the budget deficit next year would jump to 14-14.5 per cent of GDP - or some €24 billion in cash terms. This is before counting in further billions of euro which will...

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