Ireland announces annual budget

AFP, Tuesday 7 Dec 2010

Ireland on Tuesday announced an annual budget that comprised €6.0 billion ($8.0 billion) in savings, via taxation hikes and spending cuts, in order to gain an EU-IMF bailout

Ireland on Tuesday announced an annual budget that comprised €6.0 billion ($8.0 billion) in savings, via taxation hikes and spending cuts, in order to gain an EU-IMF bailout.

Finance Minister Brian Lenihan, delivering his 2011 budget to the Dail, or lower house of parliament, said he would make the savings as part of a four-year plan to slash a huge deficit by a total of €15 billion.

"As outlined in the plan, six billion euros of the overall adjustment is made in today's budget. The scale of this adjustment is demanding but it demonstrates the seriousness of our intent," Lenihan told lawmakers.

Short link:

 

Also In International

# Monster Hurricane Milton makes landfall, walloping coast of Florida
# Time running out in Florida to flee Hurricane Milton
# UK's Tom Fletcher named head of UN humanitarian agency
# Trio wins chemistry Nobel for protein design, prediction
# Biden begs Florida residents to flee as Milton returns to Category 5
# Harris holds slight edge nationally over Trump: Poll
# Nobel Prize in physics awarded to 2 scientists for discoveries that enable machine learning
# Harris calls Trump 'incredibly irresponsible' for spreading misinformation about Helene response
#