Today another tough budget has been announced for 2013 by Minister for Finance, Michael Noonan and Minister for Public Expenditure and Reform, Brendan Howlin. It’s a tough budget trying to get a grip on the country’s finances aiming to reign in Government spending and increase taxes to attempt to balance our books. There’s still a considerable deficit running at about 8.2% of GDP but overall as a nation we’re in much better shape than just a few years ago with regards to our finances. If you focus on other metrics such as unemployment rate you will see they tell a different story that show we’re still in bad shape, so it’s important to understand the context this budget was made in.
Below we are bringing you a cutting edge infographic of the Irish Budget 2013 which you can view to get an easily digestible graphic of the main talking points of this years budget and most importantly understand what new taxes have been announced and where spending has been cut.
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