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

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    Politics.ie Member gijoe's Avatar
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    Default Budget 'adjustments' will be close to 4billion: TV3

    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.

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

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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.

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    Quote Originally Posted by gijoe View Post
    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.
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

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    Quote Originally Posted by smitchy2 View Post
    €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.

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    Quote Originally Posted by bi ciuin View Post
    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
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

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    Quote Originally Posted by Bi ciuin View Post
    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)

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    Quote Originally Posted by Bi ciuin View Post
    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.

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    Politics.ie Member adamirer's Avatar
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    itll be public sector workers

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    Politics.ie Member j26's Avatar
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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.

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