Cowen: Spending Plans May Have to Be Cut

Summary


MINISTER for Finance Brian Cowen yesterday raised the spectre of spending cutbacks in order to balance the budget amid the growing global economic crisis.

Speaking on RT radio yesterday Mr Cowen said that, he was 'determined to maintain capital investment'. The Finance Minister then added ominously: 'If that means moderating levels of growth in current expenditure in order to maintain a broad budgetary balance then that is what we will do.'

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Extract


Cowen: Spending Plans May Have to Be Cut

This is the clearest indication yet that Mr...

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