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Mon 03 Mar 2009'Stabilising finances' key to economic recovery

FISCAL POLICY:STABILISING PUBLIC finances and the banking system and restoring Ireland’s international competitiveness are the first steps towards a “smart economic policy”, according to the chairman of the so-called An Bord Snip Nua, the body charged with reducing the State’s huge budget deficit.

UCD Prof Colm McCarthy, who confirmed that the emergency budget would be on April 2nd, hinted that the group would recommend cuts in the National Development Plan and capital infrastructure projects.

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