Burton: Use debt savings to create jobs

Savings made over the coming years from pushing out the bank debt repayments should be pumped into job creation, according to Social Protection Minister Joan Burton.

Her call to use the estimated €1bn in savings to speed up school building and other capital projects was backed last night by the Construction Industry Federation (CIF).

On Wednesday, during a Dáil debate on the plan to replace promissory note payments with a long-term bond, the Social Protection Minister said the savings should be used to diminish the pain in the next budget.