Ireland Four Year Plan for Budgets: Government announces planned fiscal adjustments of €15bn over four years to meet target deficit of 3% of GDP by 2014
Oct 26th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Ireland Four Year Plan for Budgets: The Government has today announced that an overall adjustment of €15bn over the next four years is warranted in order to achieve the target deficit of 3% of GDP by 2014. The key reasons for the significant increase from the figure announced in Budget 2010 are lower growth prospects both at home and abroad and higher debt interest costs.