Menu
05/01/2009
Government Expects Shortfall Of €8 Billion
Brian Cowen has suggested his government expects a tax shortfall of €8 billion for 2008 and, without corrective action, this could lead to a deficit of €20 billion next year.
Speaking on RTÉ's This Week radio programme, Mr Cowen said 2009 would be a difficult year in Ireland, and outlined some of the tough choices ahead for his government.
Although tax changes were not an "immediate priority", the Taoiseach said taxation would play a roll in balancing spending and tax revenue.
Mr Cowen also suggested that the long negotiated National Wage Agreement could come under threat as international and domestic pressures continue to bite.
The programme also revealed the possibility of lay-offs in the public sector, with the Taoiseach admitting the Public Expenditure Review Committee is looking closely at public spending and reductions may lie ahead.
"It's not sensible for us as a country to allow that level of indebtedness and borrowing to continue over the years ahead," he said.
Mr Cowen pressed the point that Ireland's present situation, as it stands, is not sustainable for any Government and said that it had to be addressed.
(DW/KMcA)
Speaking on RTÉ's This Week radio programme, Mr Cowen said 2009 would be a difficult year in Ireland, and outlined some of the tough choices ahead for his government.
Although tax changes were not an "immediate priority", the Taoiseach said taxation would play a roll in balancing spending and tax revenue.
Mr Cowen also suggested that the long negotiated National Wage Agreement could come under threat as international and domestic pressures continue to bite.
The programme also revealed the possibility of lay-offs in the public sector, with the Taoiseach admitting the Public Expenditure Review Committee is looking closely at public spending and reductions may lie ahead.
"It's not sensible for us as a country to allow that level of indebtedness and borrowing to continue over the years ahead," he said.
Mr Cowen pressed the point that Ireland's present situation, as it stands, is not sustainable for any Government and said that it had to be addressed.
(DW/KMcA)
Related Irish News Stories
Click here for the latest headlines.
28 May 2015
Concerns Raised Over Future Of Bord Na Móna
Fianna Fáil has raised serious concerns over the future of Bord na Móna. TD for Offaly, Barry Cowen, said decisive action is needed to secure the future of the firm. Deputy Cowen made the comments following the appearance of Bord na Móna executives before the Oireachtas Joint Committee on Transport and Communications.
Concerns Raised Over Future Of Bord Na Móna
Fianna Fáil has raised serious concerns over the future of Bord na Móna. TD for Offaly, Barry Cowen, said decisive action is needed to secure the future of the firm. Deputy Cowen made the comments following the appearance of Bord na Móna executives before the Oireachtas Joint Committee on Transport and Communications.
26 May 2009
No More Income Tax Hikes, Claims Lenihan
The Finance Minister Brian Lenihan has said there will be no further income tax increases this year. The vow comes only a month after the Government doubled the income levies in the emergency budget. Despite the assurances, Mr Lenihan has confirmed that a property tax and a carbon tax were being considered.
No More Income Tax Hikes, Claims Lenihan
The Finance Minister Brian Lenihan has said there will be no further income tax increases this year. The vow comes only a month after the Government doubled the income levies in the emergency budget. Despite the assurances, Mr Lenihan has confirmed that a property tax and a carbon tax were being considered.
05 September 2014
Wealthier Local Areas To Top-Up Lower Tax Bases
80% of of Local Property Tax is to be kept by councils to fund public services, with 20% being re-distributed to top up funding to those areas with lower tax bases, under new rules announced by the Department of the Environment for 2015.
Wealthier Local Areas To Top-Up Lower Tax Bases
80% of of Local Property Tax is to be kept by councils to fund public services, with 20% being re-distributed to top up funding to those areas with lower tax bases, under new rules announced by the Department of the Environment for 2015.
09 August 2016
Decline In Motor Tax Receipts Risk To Local Authority Funding
Local authorities risk losing significant funding for maintaining roads and infrastructure due to a decline in motor tax receipts, Fianna Fáil Spokesperson on Housing, Planning and Local Government Barry Cowen, has warned.
Decline In Motor Tax Receipts Risk To Local Authority Funding
Local authorities risk losing significant funding for maintaining roads and infrastructure due to a decline in motor tax receipts, Fianna Fáil Spokesperson on Housing, Planning and Local Government Barry Cowen, has warned.
11 November 2016
Concerns Raised Over Impact Of Trump's Tax Plans On Ireland
Concerns have been raised over the impact of US President-Elect Donald Trump's plans to reduce American corporation tax to 15%. Sinn Féin and Labour have both called on the Government to address concerns over the impact such a tax policy could have on Ireland.
Concerns Raised Over Impact Of Trump's Tax Plans On Ireland
Concerns have been raised over the impact of US President-Elect Donald Trump's plans to reduce American corporation tax to 15%. Sinn Féin and Labour have both called on the Government to address concerns over the impact such a tax policy could have on Ireland.
-
Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
