Irish budget seeks extra €3.5bn

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Series Details 5.12.12
Publication Date 05/12/2012
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Ireland unveiled €3.5bn in tax rises and spending cuts on the 5th December 2012 in its sixth austerity budget since the economic crisis began four years ago, while pledging to meet all its international bailout targets.

The cuts outlined in the 2013 budget meant that Ireland would have implemented €28.5bn in austerity measures since 2008 – equivalent to 17.5% of the country’s current economic output.

Related Links
BBC News, 05.12.12: Ireland budget: Local property tax introduced http://www.bbc.co.uk/news/business-20608238
ESO: Background information: Ireland cuts two-year growth forecast http://www.europeansources.info/record/ireland-cuts-two-year-growth-forecast/
Irish Times, 05.12.12: Property tax, child benefit cuts and duty hikes unveiled http://www.irishtimes.com/newspaper/breaking/2012/1205/breaking1.html
Ireland: Department of Finance: Budget 2013 http://budget.gov.ie/budgets/2013/2013.aspx

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