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ESRI proposes 20% cut in child-benefit payments
Tuesday, 13 October 2009
The ESRI is proposing that child-benefit payments be cut by 20% as part of measures to plug the massive deficit in the public finances.
The suggestion is contained in the think-tank's latest quarterly economic commentary.
The ESRI also says it can see a need for further cuts in public-sector pay, but it is arguing against a proposal by An Bord Snip Nua to cut welfare payments by 5%.
Elsewhere, the organisation says it expects modest economic growth to resume in the latter part of next year.
It says it expects private consumption to fall by 2% during the year, with investment contracting by around 15%.
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