#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: -3°C Tuesday 2 March 2021

No more "difficult budgets" after this year – Taoiseach

That is as long as deficit targets are met and the economy does not deteriorate, but otherwise it “should be the last of the difficult budget”.

Budget 2014 will be another tough one, says Taoiseach
Budget 2014 will be another tough one, says Taoiseach
Image: Leon Farrell/Photocall Ireland

BUDGET 2014 WILL be the last to introduce austerity measures if the economy continues to improve, said Taoiseach Enda Kenny.

Speaking today at the launch of the second progress report on the Action Plan for Jobs 2013, the Taoiseach said that it “should be the last difficult budget”.

He said that as long as the “government is able to continue its work”, the economy should improve after this autumn’s budget.

If viewing on a mobile device, please click here to listen to this clip

He also stated that budget’s aim will be to reduce  the deficit to 5.1 per cent of GDP, rather than the monetary target advised by the International Monetary Fund of €3.1 billion in savings.

The Taoiseach said that the IMF, who do not believe savings made on the restructuring of promissory notes should be used to lessen austerity measures, are “entitled to their opinion”. The government’s commitment to  reducing the deficit to 3 per cent ceiling set by the European Union by 2015 was reaffirmed.

Read: Bruton: Welcomes Action Plan for Jobs progress but people are still struggling >

More: NTMA sells T-Bills as Troika completes penultimate review >

About the author:

Nicky Ryan

Read next:


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a commentcancel