More cutbacks ahead, warns McCreevy

FINANCE Minister Charlie McCreevy has not ruled out another round of cutbacks if the economy continues to plunge in the months ahead.

The Minister’s warning came yesterday after an economic think-tank forecast Government debt of 1 billion this year unless further measures are taken to bring public spending fully under control.

Mr McCreevy has already saved 300m in a round of cuts and increased charges. He said he was determined to return a small Budget surplus at the end of this year.