The Irish 2011 Budget will be announced on Dec 7th 2010 .
See Latest Budget 2011 News Here
The 2011 Budget is expected to bring in as much as €4 Billion in savings – through increased taxation and spending cuts.
Brian Lenihan has said he plans to reduce capital spending by €1 billion – which could mean things like the Dublin Metro being reconsidered.
He also said the other €2 billion would be achieved by cutting the cost of the public service and reforming how income is taxed.
A new property tax and water charges have not been ruled – but they would both require the setting up of collection systems that could take a while to implement.
It is looking likely that Income Tax will be increased somehow.
There has been mention of new “social charge” to be paid by all income earners – this would replace PRSI and the health and income levies.
There could also be cuts t0 the social-welfare budget running to hundreds of millions of euro.