Budget set to implement widespread cuts

Social welfare cuts and public sector pay cuts will be part of Wednesday's Budget.

Apart from the old age pension, the axe will fall across the board as the Government cuts €4bn in spending.

New tax restrictions affecting higher earners is also cited as another cornerstone of Budget 2010.

The full extent of what is expected in Wednesday's Budget can be seen in all of today's broadsheet papers.

Social welfare payments - bar the pension - are expected to be cut by 4% with a 10% cut to child benefit.

Public sector workers face a cut in pay of around 6% - rising to as much as 15% for higher earners.

Professional fees paid to GPs, dentists, lawyers and consultants are to be cut by 5%.

There will be no new taxes except the long-planned Carbon Tax but higher earners will pay more tax through changes being implemented.

Government Ministers will also take a 15% pay cut - Taoiseach Brian Cowen though will be down €60,000 next year as he takes a 20% cut.

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