Dáil debates
Thursday, 5 February 2009
Stabilisation of the Public Finances: Motion (Resumed)
12:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
The effect of the decision of the Government is €2 billion on an annualised basis and €3 billion next year. The net reduction in gross expenditure is €1.81 billion this year. My Department is confident that the necessary reduction of €2 billion will be secured in the borrowing requirement this year.
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