Menu
31/07/2013
Government 'Must Meet 3% Deficit Target By 2015'
Minister for Communications Pat Rabbitte has told RTÉ the government needs to meet its deficit target of 3% by 2015.
But he said it should not be confined to making €3.1bn in savings in October's Budget; a move requested by the EU/IMF Troika.
Speaking on RTÉ's Morning Ireland, Mr Rabbitte said there would be some manoeuvrability in the Budget.
"Each year we have been moderately ahead of target. We are ahead of target this year," he said.
"All I'm saying is that the target shouldn't change, it should not be converted from a deficit percentage to an arbitrary amount of money. It is too early to say what the figures are going to be on Budget day, what the difference will be in taking out €3.1bn and achieving 5.1% deficit by the end of next year."
He added: "It is too early to say what manoeuvrability we will have, but we will have some manoeuvrability."
(IT)
But he said it should not be confined to making €3.1bn in savings in October's Budget; a move requested by the EU/IMF Troika.
Speaking on RTÉ's Morning Ireland, Mr Rabbitte said there would be some manoeuvrability in the Budget.
"Each year we have been moderately ahead of target. We are ahead of target this year," he said.
"All I'm saying is that the target shouldn't change, it should not be converted from a deficit percentage to an arbitrary amount of money. It is too early to say what the figures are going to be on Budget day, what the difference will be in taking out €3.1bn and achieving 5.1% deficit by the end of next year."
He added: "It is too early to say what manoeuvrability we will have, but we will have some manoeuvrability."
(IT)
Related Irish News Stories
Click here for the latest headlines.
25 July 2011
Irish Deficit Is Budget Target - Not Cash Value
The planned adjustment package in next December's budget may be more than the €3.6m already flagged, the Dáil Minister for Finance Michael Noonan has warned.
Irish Deficit Is Budget Target - Not Cash Value
The planned adjustment package in next December's budget may be more than the €3.6m already flagged, the Dáil Minister for Finance Michael Noonan has warned.
01 September 2011
ESRI Calls For Budget Cuts To Increase
A think tank report has called for the government to go beyond the €3.6bn savings required, in order to reduce the deficit more rapidly. Through research the Economic and Social Research Institute (ESRI) has said the international situation has become more challenging as the recovery in the US and the UK has slowed down.
ESRI Calls For Budget Cuts To Increase
A think tank report has called for the government to go beyond the €3.6bn savings required, in order to reduce the deficit more rapidly. Through research the Economic and Social Research Institute (ESRI) has said the international situation has become more challenging as the recovery in the US and the UK has slowed down.
04 October 2010
Government May Roll Out €4 billion Of Cuts
The Government's next austerity budget could see over €4billion in cuts this December. The Finance Minister Brian Lenihan has refused to rule out the massive cuts which will be made to reduce the current deficit by the 2014 deadline from the EU.
Government May Roll Out €4 billion Of Cuts
The Government's next austerity budget could see over €4billion in cuts this December. The Finance Minister Brian Lenihan has refused to rule out the massive cuts which will be made to reduce the current deficit by the 2014 deadline from the EU.
30 September 2010
Budget Cuts Will Be 'Significantly' Higher
Finance Minister Brian Lenihan has said that in light of today's revelations over Anglo's €29billion drain to the economy, December's budget cuts will be "upped, and significantly".
Budget Cuts Will Be 'Significantly' Higher
Finance Minister Brian Lenihan has said that in light of today's revelations over Anglo's €29billion drain to the economy, December's budget cuts will be "upped, and significantly".
09 March 2009
April Budget Could See Tax Levy Hike
Brian Lenihan is considering immediate increases in the controversial income levy as part of next month's emergency budget. Following the discovery of a €2billion shortfall in the Government's balance for the year, a raft of measures are expected to be introduced to fill in the financial hole.
April Budget Could See Tax Levy Hike
Brian Lenihan is considering immediate increases in the controversial income levy as part of next month's emergency budget. Following the discovery of a €2billion shortfall in the Government's balance for the year, a raft of measures are expected to be introduced to fill in the financial hole.
-
Ireland WeatherThis Evening and Tonight:This evening will be dry with lengthy clear periods. Staying dry and clear for the rest of the night with some patchy frost and fog. Minimum temperature 2 °C.
