Book of Estimates - Cautious Cowen plays catch-up

THE Book of Estimates which was published yesterday, and broadly outlines what will be contained in next month’s Budget, failed to realise hopes that it might be marked by inventiveness.

Finance Minister Brian Cowen has plenty of scope based on 5% growth for next year.

Mr Cowen announced that the Government will increase spending by 6% to €43.6 billion next year, and the main allocation of €11bn would be allocated to health.