Fionnan Sheahan: Coalition braced for second showdown with pensioners
Published 14/05/2010 | 05:00
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.