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Dublin: 13 °C Friday 19 September, 2014

Burton: ‘Welfare savings is one of the reasons we could reduce Budget adjustment’

A reduction in the Live Register has produced €150 million in welfare savings.

Joan Burton
Joan Burton
Image: Barry Cronin/PA Wire/Press Association Images

THE MINISTER FOR Social Protection Joan Burton said that one of the reasons the government were able to ease the size of the Budget adjustment to €2.5 million was because of significant social welfare savings.

Speaking at the IBEC HR Leadership Summit today she said that by reducing Budget adjustment from 3.1 billion to €2.5 billion, “we will still comfortably exceed our deficit reduction targets while at the same time affording some more breathing room for the recovery”.

Recovery

She said that the government “inherited an economy on the brink of collapse, and two and a half years later, the economy is firmly in recovery mode”.

She said:

… With the economy stabilising and business sentiment improving, the private sector is now creating 3,000 new jobs every month.

Last week, the CSO confirmed that the Register had fallen to 408,670 – a drop of more than 20,000 year on year, said Minister Burton.

Read:  Employers worried about rising pay expectations>

Read: Irish business ‘nervous about unpleasant budget surprises’>

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