Ireland and Portugal to publish their draft budgets for 2014

The governments of Ireland and Portugal are expected to publish the details of their national budgets for 2014 on Tuesday (15 October), the same day that Italy will submit its budget for scrutiny by the European Commission.

Both Ireland and Portugal, as recipients of bail-outs from the EU, are subject to special measures of supervision by the lenders. The Irish government confirmed on 8 October that the draft budget for next year would contain reductions in spending amounting to €2.5 billion. In response, a spokesperson for Olli Rehn, the European commissioner for economic and monetary affairs and the euro, said that the draft budget appeared to provide “a sound basis for taking forward the necessary fiscal consolidation in Ireland”.

Please log in to read this article:

Forgot your password? Click here

Don't have a login yet?

Register for free to read this article.
It only takes a minute.