The Economic Recovery Plan: Main points

Where the savings will come from:

Where the savings will come from:

  • €1.4bn from the public service bill through pension-related payments
  • Reductions in travelling and subsistence rates
  • €1bn next year by deferral of the national wage agreement payments
  • €95m reduction in overseas development aid
  • €80m through reduced professional fees
  • €75m in cuts to the early childcare supplement from €1,100 to €1,000
  • €140m through "general administrative efficiencies"
  • €300m cut from 2009 budget exchequer capital allocations