Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Joan Burton Barry Cronin/PA Wire/Press Association Images
Savings

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.

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’>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
92
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.