SF unveil Budget plan to close deficit without cuts

Sinn Féin has claimed it could close the deficit, without any cuts to social welfare, VAT increases, household or water charges.

In its pre-budget submission launched today, the party said it could achieve a €3.5bn adjustment, largely through tax increases for very high earners.

Sinn Féin would also take €7bn from the National Pension Reserve Fund to fund a stimulus plan to create 60,000 jobs over three years.

The party's Finance Spokesperson Pearse Doherty said big savings could be made through tax increases, and closing tax avoidance loopholes.

Mr Doherty said: "€3.5bn is made up from the package of tax increases, closure of tax avoidance measures and elimination of wasteful spending, so there is about €1.2bn that we have identified that we would make savings of.

"On top of that, we use the money from the National Pension Reserve Fund, to the tune of €7bn, that will be invested over three yearsto get people back to work."


More in this Section

Sentencing of woman who forwarded video of child being raped adjourned

Gardaí appeal for help in finding missing Meath man John Stokes

Fianna Fáil: Repeat offenders should face electronic monitoring before bail

Gridlock in Cork as 4,000 extra cars using the Jack Lynch Tunnel every day


Today's Stories

Councillor among three charged with criminal damage over street names

900 diagnosed annually with alcohol-related cancer: HSE

Ireland is eighth most expensive in Europe for broadband

Semen on child’s top matched accused, court hears

Lifestyle

Making Cents: Black Friday is an opportunity - but be careful

Dishing out the chores

Quietly successful: Meet the man behind ECM Records

More From The Irish Examiner