October 9, 2018 / 12:36 PM / 10 days ago

Ireland doubles resources available for budget-day measures

DUBLIN (Reuters) - Irish Finance Minister Paschal Donohoe on Tuesday almost doubled the amount of additional money available for tax cuts and spending increases in the country’s 2019 budget by raising additional revenue elsewhere.

Donohoe had pre-committed 2.6 billion euros for increased public sector and planned infrastructure spending next year and had 800 million euros in spare resources to announce on budget day. He increased the budget-day package to 1.5 billion euros.

“To enhance the resources for allocation in this budget, I am raising additional revenues in the order of 700 million euros,” Donohoe told parliament.

Reporting by Conor Humphries

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