Question:

Ireland's budget cuts harshest.

by Guest6752  |  12 years, 7 month(s) ago

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Ireland's budget cuts harshest. What are the details of news? Can someone tell me the story of this news?

 Tags: BUDGET, cuts, Harshest, irelands

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  1. Guest6224
    reland unveiled the harshest budget measures in its history Wednesday, a four-year plan to claw back 15 billion euros ($20.4 billion Cdn) using spending cuts and extra taxes. Some 24,000 state employees could lose their jobs and the sales tax could soar to 23 per cent. Altogether, the program would cut spending by about one-fifth and raise five billion euros ($6.8 billion Cdn) in extra taxes over the next four years. It included welfare cuts of 2.8 billion euros ($3.8 billion Cdn) and income tax increases of 1.9 billion euros (2.6 billion Cdn). Those moves are among the steps planned to narrow the budget deficit to three per cent of gross domestic product by the end of 2014.

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