Ireland passes record austerity budget

first_img Ireland passes record austerity budget alison.lock Share THE IRISH government has narrowly passed the harshest budget ever proposed, to make the necessary savings for it to receive EU and IMF rescue funds. It has set out austerity measures for 2011 that impose €6bn (£5bn) of spending cuts and tax rises on the country, including cuts to child benefit and public sector pensions.But the Budget is still relying on growth forecasts that several experts including the European Commission consider overly optimistic.The Parliament passed the first in a series of votes on the budget on Tuesday evening, suggesting that enough of the budget is likely to pass to release bailout funds. The budget’s success had looked in doubt when independent politicians, on whom the government depends for support, said they might vote against it.If the initial resolutions pass this week, the IMF could seek approval from its board for its Irish loan as soon as Friday.Opposition parties slammed the government for mismanaging the economy and sacrificing Irish sovereignty.“This budget is the budget of a puppet government who are doing what they have been told to do by the IMF, the EU Commission and the European Central Bank,” said Michael Noonan, finance spokesman for the centre-right Fine Gael party.The 2011 budget is the toughest in a four-year austerity plan that aims to save €15bn – nearly 10 per cent of annual economic output – to bring the worst deficit in the Eurozone back within EU limits by 2014. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tags: NULLcenter_img whatsapp whatsapp Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tuesday 7 December 2010 4:55 pmlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *