Lenihan Says Further Social Welfare Cuts in Irish Budget Are `Unavoidable'

Irish Finance Minister Brian Lenihan said further cuts in the country’s social welfare spending are “unavoidable” to help push down the country’s budget deficit.

“Over the next four years, further reductions in social welfare spending are unavoidable if we are to reduce the budget deficit,” Lenihan told parliament in Dublin today, when presenting the budget for 2011. “Our number one priority for 2011 and onwards must be economic growth and maximising employment creation.”

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net

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