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Monday, December 15, 2014

Five Years- for FOIA to kick in

Department of Finance warned ministers viability of State was at risk: "“National debt is rising fast and, without action, will become unsustainable. Failure to take action now means that we risk a vicious circle whereby ever-more unpalatable decisions will have to be made just to service the debt,” the memo, dated October 8th, 2009, stated.
Confidential
The budgetary strategy memorandum, drawn up for consideration by members of the Fianna Fáil/Green administration, was released yesterday by the Department of the Taoiseach under the revised Freedom of Information Act. This allows for previously confidential government papers to be made available after five years.
The memorandum said tax revenue for 2009 would be €2 billion less than forecast.
It said a general government deficit of 12 per cent of GDP was likely for the year, rather than the planned rate of 10.75 per cent."



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