The Irish Labour Party has made it’s proposals for Budget 2010 – The proposals would result in a €5.8 billion adjustment in Government spending and a €1.15 billion jobs creation programme.
Here are the main points:
* A job-creation programme costing €1.15 billion, with an additional 60,000 training and work experience places.
* A third rate of tax, at 48 per cent, for individuals earning more than €100,000.
* Savings of €1.3 billion in pay and €899 million in other current spending.
* Savings of 17 per cent (€1.246 million) in tender prices on capital spending.
* The immediate abolition of all property reliefs.
* A contribution of not less than €100 million to be sought from tax exiles.
* Curtailing tax expenditure on pension reliefs and minor reliefs.
* Spending of €300 million on “social solidarity” measures such as the Christmas bonus for welfare recipients and combating fuel poverty.
* A negotiated cut in the public sector pay bill of €1.3 billion.
* Flexibility in public sector staff deployment to combat surplus staffing in some areas.