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Mon 03 Mar 2009Wanted: €4bn from cuts in expenditure and higher taxes
ANALYSIS:The emergency budget will raise taxes for sure. But it will also cut spending. In the first of three articles, we examine the options, writes COLM KEENA
IN JANUARY the Government’s estimate for public expenditure in 2009 was €73.71 billion. This was made up of €62.99 billion in gross current or day-to-day expenditure, and €10.72 billion in capital expenditure, including contributions to the National Pensions Reserve Fund (€1.58 billion).
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