Thursday 23 February 2017

Fionnan Sheahan: Coalition braced for second showdown with pensioners

Fionnan Sheahan

Fionnan Sheahan

IRELAND is currently running a budget deficit that is four times the EU's limit but has promised to bring it below 3pc of gross domestic product by 2014.

This will be achieved through a series of spending cuts and tax hikes worth €16bn all told.

In Budget 2010, the Government identified €4bn worth of savings and next year another €3bn has to be found.

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