On 9 April 2009, Ireland’s government announced a painful emergency budget in order to bring deficit in line. The emergency budget includes to double income tax surcharge, cut spending and created a toxic asset company to house banks’ bad debts.
In my opinion, this budget plan will have significant influence on middle-income families with three or more children. Spending cuts, if approved, would include a reduction in social welfare such as reducing the allowances paid to the young unemployed, eliminating of Christmas bonuses and cutting family benefits. This is an unacceptable budget to people as unemployment rate reaches the highest record therefore more people are claiming social welfare. The cutting on public spending makes their positions more dangerous. It may result in more crimes to be happened and have negative effect on social safety.
