Budget 2011 to be announced on December 7th 2010

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.

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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.