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More cuts as Irish Republic's budget is unveiled | |
(about 4 hours later) | |
The Irish government has started to outline a fresh round of austerity measures, with the beginning of a two-day budget announcement in the Dail (Irish parliament). | The Irish government has started to outline a fresh round of austerity measures, with the beginning of a two-day budget announcement in the Dail (Irish parliament). |
Public Expenditure Minister Brendan Howlin has announced spending cuts of more than 1 bn euros. | |
The Finance Minister Michael Noonan will make the main budget speech on Tuesday. | The Finance Minister Michael Noonan will make the main budget speech on Tuesday. |
He will outline a series of tax rises including an increase in VAT to 23%. | He will outline a series of tax rises including an increase in VAT to 23%. |
This could lead to more Irish shoppers travelling to Northern Ireland. | This could lead to more Irish shoppers travelling to Northern Ireland. |
The two-day budget - aimed at saving 3.8bn euros - is the first from the new coalition government in Dublin. | The two-day budget - aimed at saving 3.8bn euros - is the first from the new coalition government in Dublin. |
Mr Howlin told Irish MPs: "Our country has suffered the greatest economic crisis in living memory leading to a large fall in Exchequer revenues." | Mr Howlin told Irish MPs: "Our country has suffered the greatest economic crisis in living memory leading to a large fall in Exchequer revenues." |
He also touched on the crisis in the eurozone, saying: "Twelve months ago we were Europe's problem. Now problems in the European and global economy threaten our recovery." | He also touched on the crisis in the eurozone, saying: "Twelve months ago we were Europe's problem. Now problems in the European and global economy threaten our recovery." |
Mr Howlin told the Dail that the public service pay bill will fall by 400m euros in 2012. | Mr Howlin told the Dail that the public service pay bill will fall by 400m euros in 2012. |
The number employed in the public service will be under 300,000 by the end of this year. | The number employed in the public service will be under 300,000 by the end of this year. |
The overall cost of paying public servants will fall by 3.5bn euros, or 20%, over the seven-year period from 2008 to 2015. | The overall cost of paying public servants will fall by 3.5bn euros, or 20%, over the seven-year period from 2008 to 2015. |
The Implementation Body Public Service Agreement (2010 - 2014) estimated the public service pay bill for 2011 to be around 15.71bn euros. | The Implementation Body Public Service Agreement (2010 - 2014) estimated the public service pay bill for 2011 to be around 15.71bn euros. |
Next year, the government plans to reduce the size of the public service by a further 6,000. | Next year, the government plans to reduce the size of the public service by a further 6,000. |
"By any standards, this reduction of 37,500 or 12% of staff, against 2008 levels, by 2015, is significant and poses enormous challenges," said Mr Howlin. | "By any standards, this reduction of 37,500 or 12% of staff, against 2008 levels, by 2015, is significant and poses enormous challenges," said Mr Howlin. |
Mr Howlin said there would be some limited recruitment in the public sector in early 2012. | Mr Howlin said there would be some limited recruitment in the public sector in early 2012. |
Third level student contributions will rise by 250 euros. | Third level student contributions will rise by 250 euros. |
Students currently pay a maximum of 2,000 euros. | Students currently pay a maximum of 2,000 euros. |
Other measures announced by the public expenditure minister include: 543m euros cut in health, 475m euros cut in social protection, a cut of six weeks in the fuel allowance and a reduction in child benefit for third and subsequent children. | Other measures announced by the public expenditure minister include: 543m euros cut in health, 475m euros cut in social protection, a cut of six weeks in the fuel allowance and a reduction in child benefit for third and subsequent children. |
The Justice Minister Alan Shatter revealed that 31 Garda (Irish police) stations will close throughout the country. | The Justice Minister Alan Shatter revealed that 31 Garda (Irish police) stations will close throughout the country. |
There will be a reduction in the public opening hours of 10 other police stations in the Dublin area. | There will be a reduction in the public opening hours of 10 other police stations in the Dublin area. |
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