Budget 'adjustments' will be close to €4billion: TV3

gijoe

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On the TV3 News earlier Ursala Halligan reported that she had some information to suggest that the upcoming budget will in fact make 'adjustments' that will be close to €4billion rather than the €3billion being mooted.

It rings true that they would have to get a figure closer to €4billion - similar to last year. But this time there will be no €1billion contribution from public sector pay so I can only assume that Social Welfare is heading for a big hit so that the increased taxation on the lower paid does not act as a disincentive to work.
 


galleyslave

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lower social welfare, more people brought into the tax net, increased income taxes, more 'green' taxes ... all probable no?
 

smitchy2

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€1bn- Capital expenditure
€1bn- Widening tax net to bring it back in line where it was at the start of the decade.
€500m in cuts to benefits ( I am sure they don’t have the b@lls to go near pensioners again though), so more severe for unemployed and child benefit.
€1bn- expenditure cuts in departmental budgets including health and education, further cut down on overtime etc (probably unachievable)
€500m extra in further reduced capital expenditure.
 

EUrJokingMeRight

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On the TV3 News earlier Ursala Halligan reported that she had some information to suggest that the upcoming budget will in fact make 'adjustments' that will be close to €4billion rather than the €3billion being mooted.

It rings true that they would have to get a figure closer to €4billion - similar to last year. But this time there will be no €1billion contribution from public sector pay so I can only assume that Social Welfare is heading for a big hit so that the increased taxation on the lower paid does not act as a disincentive to work.
Sure enough. Even though it needs to be cut by at least 3 billion.
(he tip toes quietly away from the grenade!!)

The rest of society cannot keep picking up the tab for the public sector.
 
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€1bn- Capital expenditure
€1bn- Widening tax net to bring it back in line where it was at the start of the decade.
€500m in cuts to benefits ( I am sure they don’t have the b@lls to go near pensioners again though), so more severe for unemployed and child benefit.
€1bn- expenditure cuts in departmental budgets including health and education, further cut down on overtime etc (probably unachievable)
€500m extra in further reduced capital expenditure.

Pensioners again?

They are the only ones who havent had a cut.

Time to means test Pensions and Child Benefits, that would save far more than 500 million.
 

EUrJokingMeRight

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pensioners again?

They are the only ones who havent had a cut.

Time to means test pensions and child benefits, that would save far more than 500 million.
+ 1,000,000
 

TODevastated

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Pensioners again?

They are the only ones who havent had a cut.

Time to means test Pensions and Child Benefits, that would save far more than 500 million.
afraid of their lives to go near OAPs (after all they are the ones who vote)
 

smitchy2

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Pensioners again?

They are the only ones who havent had a cut.

Time to means test Pensions and Child Benefits, that would save far more than 500 million.
Thats what I said they won't have the b@lls to touch them.
They won't do means testing on pensions or child benefit. It is a disgrace.
Mind you the 2 other main parties would not touch them areas either.
These universal benefits are the curse of McCreevy and Ahern.
 

j26

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With the huge increase in the number of births in the last couple of years I'd say a cut in Child Benefit is unavoidable.

I'd also guess a cut in Job Seekers Benefit.
 

making waves

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The rest of society cannot keep picking up the tab for the public sector.
Slight error here (major one actually) the rest of society, including the public sector are picking up the tab for the bankers, developers, spivs, speculators, bond holders and the political lapdogs doing their bidding in Leinster House.
 

johntrenchard

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Slight error here (major one actually) the rest of society, including the public sector are picking up the tab for the bankers, developers, spivs, speculators, bond holders and the political lapdogs doing their bidding in Leinster House.
must admit you have a good point there.

they have no problem putting billions into Anglo. while at the same time proposing to hit the poorest in society the hardest.

sick.

and it is really is SICK.. we have a morally bankrupt government devoid of any sense of common decency. sick sick sick.
 

FreshStart

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It looks like they will introduce some sort of workfare to accompany cut. Thus, people on the dole will be forced to so what is effectively called community service everywhere else for the dole. This is essentially the criminalization of welfare recipients.

I hope Michael O'Leary can feel some sympathy and also see a new market in those dying to get of here.

Coffin Ships anyone?
 

Newsy

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must admit you have a good point there.

They have no problem putting billions into anglo. While at the same time proposing to hit the poorest in society the hardest.

Sick.

And it is really is sick.. We have a morally bankrupt government devoid of any sense of common decency. Sick sick sick.
+100
 

anewbeginning

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The government will probably put as much of a squeeze on the unemployed and dole payments as possible in the hope of forcing thousands more to emigrate.

If a couple hundred thousand unemployed emigrate, FF can claim they solved unemployment.

Cowen will call these measures tough decisions. Tough for who? For him? Absolutely not. He'll still be able to afford to go on 12 hour benders, the useless clown.
 

DeGaulle 2.0

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€1bn- Capital expenditure
€1bn- Widening tax net to bring it back in line where it was at the start of the decade.
€500m in cuts to benefits ( I am sure they don’t have the b@lls to go near pensioners again though), so more severe for unemployed and child benefit.
€1bn- expenditure cuts in departmental budgets including health and education, further cut down on overtime etc (probably unachievable)
€500m extra in further reduced capital expenditure.
The state borrowed 20billion+ this year at 5% interest which presumably means that to make an "adjustment" of 4 billion you need to cut expenditure by 5 billion.
 

Mossy Heneberry

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The worst thing to do is to increase taxes during a depression. We simply can't afford the lifesytle that many in this country have become acustomed to, thanks to FF spending taxpayers money willy nilly to win votes.

Now the game is up, we simply have to get back to living within our means.

If you're one of those 'vunerable' people (and I'm sure there are genuine cases that exist) ask youself how did you get yourself into a position to be labelled vunerable in the first place?
 

sport02

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This goverment should of told the senior bondholders in Anglo, tough luck, you will have to take some of the burden, but instead while the incompetents continue with their ministerial wages,cars, and perks, the ordinary people on the street are getting screwed.
All we are being told is we have turned the corner over and over again, bloody expensive corners we are turning, with the budget adjustments forecasted near the 4 billion mark.
Can we not have some get out clause with this circus, you ain't performing in the interest of the people, so get the f out of goverment, half of you will be gone, come the next general election anyway, so just get on with it, and stop clinging on, you unpatriotic buffoons
 

slippy wicket

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Now i am not an expert in economics by any stretch, but could there not be some huge savings made by culling a lot of the more pointless quangos.
Back on topic, it looks like it is time to 'assume the position' for another bludget.
 

anewbeginning

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Cowen said on 6.1 news that it will cost 1.5 billion in interest per year alone to service the 30 billion needed to capitalise Anglo.

Much of the budget cuts will be spent paying the interest on the money we need to pay for Seanie Fitz and Anglo's bad decisions.

In Iceland the former Prime Minister has been charged with gross negligence. Why isn't Bertie Ahern and Brian Cowen also being charged with gross negligence. These were the guys who put in place a system of no touch banking regulation in Ireland. These guys caused the mess and want us to pay for it.
 


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