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Tax Cuts Promised In First Spr...

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Tax Cuts Promised In First Spring Statement

98FM
98FM

02:25 28 Apr 2015


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The Government has kick-started its bid for re-election - with a promise to cut taxes.

This afternoon, plans to spend €600M a year for the next three years on making life easier for taxpayers were announced.

In Ireland's first Spring Statement, the Finance Minister has pledged extra cash for for health, children and workers while continuing to balance the books.

Speaking in the Dail, Michael Noonan warned that "a bright future is not guaranteed and is contingent on a continuation of the policies and reforms introduced and being followed by this Government."

"A return to the 'if I have it, I’ll spend it' ways of the past or indeed the 'even if I don’t have it, I’ll spend it' policy stance taken by the opposition over the past four years, is by far the biggest risk", he said.

MIchael Noonan said the public finances are once again under control, and means that he, should the current Government be in power, will be able to deliver another "expansionary Budget this year and every year out to 2020".

That's expected to include lowered taxes for workers, and an increase in spending in areas like health and education.

All this can be done, it's claimed, while managing to completely balance the books at the Department of Finance by 2018.

The government also believes people will stop emigrating next year, and those who've left will begin to move home as the economy improves.

There is a big focus on jobs too, with the Finance Minister stating that "we will pass the two million people in employment mark next year, replace all of the jobs lost during the downturn by 2018" and add 200,000 new jobs by 2020.


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