McCreevy announces €123m extra spending in revised estimates

THE Revised Estimates for 2004 published by Minister for Finance Charlie McCreevy yesterday show spending increases of about €123 million more than the amounts provided for on Budget Day.

However, the minister told the Dáil yesterday that the increase in spending would be more than offset by higher-than-expected revenues, which would total €129m, leaving a net decrease in spending of €6m.

The Revised Estimates reflect the spending totals announced in December’s Budget along with adjustments that have been approved since then.