Lenihan determined to avoid 'colossal borrowing'
13/11/2009 - 07:08:55The Finance Minister Brian Lenihan has said he will do what is needed in next month's Budget to avoid colossal borrowing.
In his pre-Budget outlook last night Mr Lenihan said the economy will shrink by 1.5% in 2010 compared to the much bleaker forecast of 3% in April's emergency budget.
The Minister said economic growth will return next year and unemployment will peak, but he insists €4bn in cuts still have to be found.
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