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Sign up to The Irish Times Archive (1859 - 2008)My Account »

Sat 10 Oct 2008Capital spending to decline by 6.3%

SPENDING PLAN:THE GOVERNMENT had budgeted for almost no increase in spending next year, before any measures announced on budget day are taken into account.

The Estimates of Receipts and Expenditure for 2009 published today allows for the day-to-day costs of running the Government, including wages, to rise by some 2.5 per cent to just under €42 billion. Capital expenditure, however, will fall by 6.3 per cent to €7.65 billion.

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