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02/02/2012
Mini Budget More Likely - SF
Sinn Fein have said the downward growth forecast by Ireland's Central Bank means a mini-budget is more likely.
Speaking in response to today’s Central Bank growth forecast downgrade Sinn Féin's Pearse Doherty said that the downgrade demonstrated that "once again that austerity not working".
Deputy Doherty said: "Today’s announcement that the Central Bank is downgrading its 2012 DGP growth forecasts by 1.3% makes a mini budget more likely.
"It also demonstrates once again that the government’s policies of austerity are not working."
Mr Dogherty said it was the sixth downgrade of Irish growth forecasts for 2012 and that the figures represented a serious challenge to the government.
"The Minister for Finance is previously on the record in response to questions from me that a 1% in GDP reduction in as a rule of thumb would see a loss of €800 million in revenue from the state."
(DW/GK)
Speaking in response to today’s Central Bank growth forecast downgrade Sinn Féin's Pearse Doherty said that the downgrade demonstrated that "once again that austerity not working".
Deputy Doherty said: "Today’s announcement that the Central Bank is downgrading its 2012 DGP growth forecasts by 1.3% makes a mini budget more likely.
"It also demonstrates once again that the government’s policies of austerity are not working."
Mr Dogherty said it was the sixth downgrade of Irish growth forecasts for 2012 and that the figures represented a serious challenge to the government.
"The Minister for Finance is previously on the record in response to questions from me that a 1% in GDP reduction in as a rule of thumb would see a loss of €800 million in revenue from the state."
(DW/GK)
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