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Budget to hit workers & poor

By Fiona O’Loughlin

REFLECTING THE scale of the economic crisis the government is to introduce a second budget that will contain €4.5 billion of new taxes and spending cuts. The latest exchequer figures show a potential tax shortfall of a further €3 billion and a shortfall in funding for government departments of up to €1.5 billion. If anything these projections will be an underestimation of the decline in the governments finances.