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Budget Analysis

A proposal by the Minister for Finance, Brian Lenihan TD, to introduce a "new universal social contrtibution to be paid at a low rate on a wide base" provides major challenges to policy designers to ensure it is not a change that will benefit the better off while penalising those on low pay or on social welfare. The Minister has stated that the new social contribution will replace employee PRSI, the Health Levy and the Income Levy.

The Poor Can't Pay Campaign has published an analysis of Budget 2010 entitled 'How the Poor Were Made to Pay' which shows that the cuts introduced by Government will impact hardest on the poorest in society and will push thousands of families into poverty in the coming months. The campaign, which is a coalition of charities, community organisations and trade unions, has called on the Taoisesach to give an immediate assurance that there will be no more cuts in social welfare payments and no cut in the minimum wage.

The text of Government's Budget documentation is available below 

"When I presented the Supplementary Budget to this House last April, I said we could work 

The unfair and breathtakingly unjust decisions made in Budget 2010 will damage Ireland’s economic development and social development.

The unfair and breathtakingly unjust decisions made in Budget 2010 will damage Ireland’s economic development and social development.

The following statement was issued on November 12th, 2009 by the Minister for Finance, Mr. Brian Lenihan, TD as the Government’s Pre-Budget Outlook was launched.
The Department of Finance today published its Pre-Budget Outlook in which the Irish economy is projected to contract by 1½ per cent next year following a decline of 7½ per cent this year. The 2010 forecast is an improvement from the April forecast of just under a 3 per cent contraction.

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