Wednesday 18 June 2014 16.05 The International Monetary Fund has urged the Government to proceed with tax and spending measures equivalent to €2bn in October's Budget.
The IMF's advice echoes that of the Fiscal Advisory Council earlier this week.
In its first monitoring review of Ireland following the exit from its bailout programme earlier this year, the IMF noted that Ireland's economic recovery was "broadening" with unemployment falling and signs of a pick-up in domestic demand in the form of "firming retail sales growth".
However, it said, there is "substantial uncertainty" about the level of growth in economic output.
Under European Union rules the Government is required to reduce the budget deficit to an amount equivalent to 4.8% of annual economic output or GDP by the end of this year.
In April the Department of Finance estimated a budget adjustment of €2bn would be required to achieve that target. But the Minister for Finance has since indicated it might be possible to hit the deficit target with less severe adjustment than that.
On a conference call following the publication of its review, IMF Mission Chief to Ireland Craig Beaumont said the fund "favours sticking to the planned adjustment".
He said the €2bn figure was appropriate as it should achieve the required budget deficit even if Ireland's economic growth this year was weaker than expected.
Mr Beaumont said the fund also continued to support the country's case for some form of retrospective recapitalisation of Irish banks.
Anda sedang membaca artikel tentang
IMF urges €2bn adjustment in Budget 2015
Dengan url
http://newsdeadlineup.blogspot.com/2014/06/imf-urges-a2bn-adjustment-in-budget-2015.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
IMF urges €2bn adjustment in Budget 2015
namun jangan lupa untuk meletakkan link
IMF urges €2bn adjustment in Budget 2015
sebagai sumbernya
0 komentar:
Posting Komentar