IBEC: Govt must reveal Budget strategy

IBEC: Govt must reveal Budget strategy

The Government is being urged to give an early indication of its Budget strategy in an effort to boost economic confidence.

IBEC's latest Sentiment Survey shows managers are no longer negative about the outlook for their own companies for the next three months.

But there is still concern about uncertainty in the wider business environment.

IBEC senior economist Fergal O'Brien, has said it is vital that Government moves to reassure people.

Mr O'Brien said: "One of the things the Government can do is reveal the scale and nature of the adjustment that is going to come in the Budget. Irish people are still saving an awful lot of their income, the ratio is about 10% at the moment as compared to 5% prior to the crisis.

"That is an extra €5bn that could be put back into the economy if people had more confidence in the economic outlook."

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