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05/11/2010
Cowen Unveils Plans For €6bn Cuts
Taoiseach Brian Cowen has unveiled plans for €6 billion worth of cuts ahead of the Budget announcement.
Mr Cowen revealed the plans yesterday, which have since been described by the European Commission as "appropriate".
However, the figure is double the amount indicated by Finance Minister Brian Lenihan in last year's Budget.
It has been estimated that a total of €15 billion will need to be slashed from public spending over the next four years in order to achieve its deficit target of 3% by 2014.
The four-year Budget plan was expected to be announced in the middle of November, but speculation is mounting that the announcement may be delayed until after the Donegal South West by-election, which is due to be held on November 25.
(KMcA/BMcC)
Mr Cowen revealed the plans yesterday, which have since been described by the European Commission as "appropriate".
However, the figure is double the amount indicated by Finance Minister Brian Lenihan in last year's Budget.
It has been estimated that a total of €15 billion will need to be slashed from public spending over the next four years in order to achieve its deficit target of 3% by 2014.
The four-year Budget plan was expected to be announced in the middle of November, but speculation is mounting that the announcement may be delayed until after the Donegal South West by-election, which is due to be held on November 25.
(KMcA/BMcC)
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25 September 2009
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The Stormont Executive is providing new buildings for over 100 local schools, Finance Minister Sammy Wilson has said Mr Wilson was speaking during a visit to the construction site at Banbridge Academy. He stressed the importance of investing in new school buildings. "The Executive is committed to investing in the future of Northern Ireland.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
