Seanad debates

Thursday, 28 May 2009

Finance Bill 2009 (Certified Money Bill): Second Stage

 

1:00 pm

Photo of John Gerard HanafinJohn Gerard Hanafin (Fianna Fail)

Notwithstanding that, this year alone there has been deflation in the Irish economy. There has been a 3% increase in social welfare payments and deflation of up to 3%, which is a net 6% increase. It is as simple as that.

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