Just getting round to reading the Business Post now.
The word is that current spending cannot be brought down by any significant amount.
Guess what can though?
Capital Projects! Everyone's gonna be a winner.
Quote:
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Originally Posted by SBP
The outlines of the government’s plan to deal with the economic downturn are now becoming clear. For a start, it is going to involve a serious curtailing of the country’s capital investment programme – which Taoiseach Brian Cowen said was the last thing that would be affected. But as the public sector pay bill continues to rise, all indications are that the capital budget is where the axe will fall.
Cutbacks amounting to billions of euro on proposed spending in this area now seem inevitable. Ministers have been asked to produce a list of building and other capital projects that can be postponed.
The capital programme will be raided because there seems to be little will to tackle day-today spending, which has mushroomed in recent years. So far, much of the focus for proposed cutbacks has been on the plethora of agencies and quangos set up by the government in recent years, although it is far from clear if this will generate savings of the order needed to balance the state’s budgets for the next two years.
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And there's more:
Transport 21 Projects to be delayed:
http://www.sbpost.ie/post/pages/p/st...896-qqqx=1.asp