€35.5 million cut in Jobs & Enterprise budget in face of continued excessive unemployment– Toíbín
Today the Minister Bruton presented the departmental budget to the Jobs, Enterprise and Innovation committee, and, hidden in the overall spend was a reduction of €35.5million (8%) in the allocation to create jobs and promote enterprise.
Peadar Tóibín TD, Sinn Féin spokesperson for Jobs, Enterprise and Innovation said:
“At a time of excessive unemployment, increasing long term unemployment, underemployment and emigration the government is reducing direct spending to job creation and enterprise development”.
Deputy Tóibín added:
“Government policy has withdrawn money for the real economy to funds banks who won’t lend, have cut funding to public services for people in need and now cut support to business and employment growth. It is clear that emigration is having a larger impact on holding down unemployment than government policy. It is clear that the government policy has failed and investment to stimulate the economy is required”.