Cowen not planning cutbacks in budget

Updated: 10:21, Wednesday, 19 October 2005

The Minister for Finance, Brian Cowen, has reacted strongly to the suggestion from the IMF that he will be introducing cutbacks of €800 million in his budget in December.

1 of 1Brian Cowen - Ireland in 'strong economic position'
Brian Cowen - Ireland in 'strong economic position'
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Nine News: George Lee, Economics Editor, reports as the Minister for Finance moves to dispel suggestions that he is planning cutbacks
Nine News: George Lee, Economics Editor, reports as the Minister for Finance moves to dispel suggestions that he is planning cutbacks
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Six One News: George Lee, Economics Editor, reports live from Dublin city centre
Six One News: George Lee, Economics Editor, reports live from Dublin city centre

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The Minister for Finance, Brian Cowen, has reacted strongly to the suggestion from the International Monetary Fund that he will be introducing cutbacks of €800 million in his budget in December.

The Minister said he wanted to correct any impression that his Department is talking about cutbacks.

He said that Ireland is in a strong economic position internationally.

He said the main spending priorities will be health, education and social welfare. 

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