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Thread: €4.3 billion is the cuts target

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    Default €4.3 billion is the cuts target

    Eamon O'Cuiv stumbled on his words this morning and ended up outlining the figure of €4.3 billion as being the cuts target.

    <Mod> This thread has been merged with "Eamon O'Cuiv lets the cat out of the bag: €4.3billion budget". </Mod>
    Last edited by stringjack; 8th October 2010 at 01:25 PM. Reason: Merged thread.

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    Politics.ie Member HarshBuzz's Avatar
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    too low
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member gijoe's Avatar
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    Default Eamon O'Cuiv lets the cat out of the bag: €4.3billion budget

    Eamon O'Cuiv has seemingly let the cat out of bag inadvertantly in a radio clip in suggesting that the adjustment being sought in the budget is €4.3billion. Newstalk are carrying the clip.

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    Let them get on it with then.

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    Is that just cuts or cuts+taxes ?

    4.3 Billion is an awful lot of dosh to cut. There's trouble ahead.
    Redacted.

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    Politics.ie Member HarshBuzz's Avatar
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    Quote Originally Posted by EvotingMachine0197 View Post
    4.3 Billion is an awful lot of dosh to cut. There's trouble ahead.
    it's actually 12-15bn on a 4 year basis
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    Politics.ie Member Thac0man's Avatar
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    Quote Originally Posted by HarshBuzz View Post
    too low
    Well too low for recovery, but enough to keep an even keel. If the Croke Park agreement remains in place there is no saving what so ever from Public Sector cut backs, only reduced services. That means the lions share of 'cuts' will be made achieved through increased taxes. The low paid and unemployed are firmly in the governments sights already. God help anyone else whose incomes are not guanenteed and supported by govenment borrowing.

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    Quote Originally Posted by EvotingMachine0197 View Post
    Is that just cuts or cuts+taxes ?

    4.3 Billion is an awful lot of dosh to cut. There's trouble ahead.
    I imagine it is a combination - an adjustment of 4.3 billion in the budget.

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    Politics.ie Member gijoe's Avatar
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    No wonder John Gormley came out of the budget meeting yesterday looking for a 'concensus' with the opposition i.e. he is looking for political cover for the pain that has to be inflicted in December.

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    Quote Originally Posted by HarshBuzz View Post
    it's actually 12-15bn on a 4 year basis
    With the income levy, the drop in capital expenditure and the cuts to date in the public sector, some might say we're two years into a six year "plan"?

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