Irish Emergency Budget: Government takes 3% of GDP from economy - - at its weakest in a century; Summary of tax, spending and economic forecasts
Apr 8th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Emergency Budget: Starting on Friday last, the Government began leaking the broad parameters of the Budget package. In the event, its size was €3.3 billion, somewhat below the €3.5 billion leaked but higher than we expected because these figures refer to the impact in 2009 of the measures announced. Their full-year equivalent is over €5 billion or 3% of GDP. That is a lot to take out of an economy which is at its weakest in a century.
