Cowen signalls cuts in public pay and pensions being considered; IBEC calls for substantive Irish jobs stimulus package
Oct 21st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Taoiseach Brian Cowen on Tuesday signalled that cuts in public pay and pensions are being considered in the preparation of Budget 2010, which will be presented in December. Also on Tuesday, IBEC, the business group, said that while immediate and major cuts in public expenditure were necessary, the Government must also take decisive action to support employment and get the economy going. IBEC said that the absence of such a move would prolong the crisis and add to long-term unemployment. It called for a substantive Irish jobs stimulus package.