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Budget Choices

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.

Ireland is currently facing a series of inter-related crises i.e.: banking (property bubble collapse and little lending to small and medium-sized businesses); fiscal; economic (competitiveness and job losses); social (income loss, services being cut back as demand rises); reputational. 
 
 
 

Social Justice Ireland Produced both  Budget Choices Document 2010 and a Budget Analysis and Crtique Document 2010. 

Budget Choices Document 2010 can be downloaded here

Budget Analysis and Crtique Document 2010 can be downloaded here

Government published its Pre-Budget Outlook on November 12, 2009.  According to the Minister for Finance, Brian Linehan TD, "The Government’s planned €4 billion adjustment to the public finances in the forthcoming Budget is forecast to result in the General Government Balance stabilising at -12 per cent of GDP next year."

Ireland is currently facing a series of inter-related crises i.e.: banking (property bubble collapse and little lending to small and medium-sized businesses); fiscal; economic (competitiveness and job losses); social (income loss, services being cut back as demand rises); reputational.
Framing a Response 
 

Producing a fair budget and working for a fairer future requires that Ireland stop benchmarking itself with Romania, Slovakia, Latvia, Lithuania and Estonia.

The 2010 Budget represents a futher step in the process of getting Irish 
fiscal policy back onto a sustainable path. This process started with the 
2009 Budget published in October 2008, and continued, inter alia, with the 
The 2010 Budget represents a futher step in the process of getting Irish 
fiscal policy back onto a sustainable path. This process started with the 
2009 Budget published in October 2008, and continued, inter alia, with the 
Supplementary Budget in April this year.
 
Over recent months, the global economy has begun to show some signs of recovery and there is growing 
evidence that the worst may be over in terms of the domestic downturn. 
 

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