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Response to Tansy_Gold (Original post)

Wed Dec 5, 2012, 08:43 AM

33. Ireland budget: Tax hikes and spending cuts expected

http://www.bbc.co.uk/news/business-20598031


The Irish government will present its sixth hard-hitting budget since the collapse of the country's Celtic Tiger economy on Wednesday.

More tax rises and spending cuts will be announced as the government hopes to save another 3.5bn euro (2.8bn).

After four years of austerity, all of the economic "low-hanging fruit" has already gone.

Consequently, a new property tax is expected, along with cuts to the health and social welfare budgets.

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