Ireland Releases Budget Plan to Reduce Deficit

Wednesday, November 24, 2010

Ireland has released a new budget plan, designed to save the country billions of dollars over the next four years. Details of the plan come days after the country applied for a multi-billion dollar rescue loan from the European Union and the International Monetary Fund.

Speaking on BBC News, Finance Minister Brian Lenihan said the plan would "plot a course to sound, sustainable growth in the four years ahead of us." According to The Associated Press, the $20 billion plan to cut the nation's deficit includes layoffs, new taxes, and reductions to welfare benefits and the minimum wage.

Final details of the EU/IMF loan are still being worked out. According to The AP, its final sum is expected to reach $115 billion.


More in:

The WQXR e-newsletter. Show highlights, links to music news, on-demand concerts, events from The Greene Space and more.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Follow WQXR