Good evening.
Tonight I'm taking the opportunity to speak to you directly on the challenge we face as a community, as an economy, and as a country.
I know this is an exceptional event.
But we live in exceptional times.
And we face an exceptional challenge.
It is important that you know the truth of the scale of that challenge - and how we are addressing it.
That challenge:-
To restore our economy.
To create the environment to sustain jobs, and to look after the most vulnerable people in our society.Enda Kenny to prepare Irish for more budget pain The Guardian State of the Nation Address From An Taoiseach, Enda Kenny
Kenny outlines challenges facing State in TV address Irish Times
Irish Prime Minister Enda Kenny to make televised address later BBC NewsTaoiseach Enda Kenny will prepare the country for a looming austerity Budget when he delivers an historic State of the Nation address tonight.
Mr Kenny's 10-minute speech, televised live after RTE's Nine O'Clock News, will outline the difficult challenge of plugging an €18bn hole in the public finances.
The Government will announce a €3.8bn adjustment over the next two days with Public Expenditure Minister Brendan Howlin outlining €2.2bn in spending cuts tomorrow and Finance Minister Michael Noonan detailing €1.6bn of tax hikes on Tuesday.
It has agreed to make total savings of €12.4bn from now to 2015 to meet deficit targets outlined under the conditions of last year's EU/IMF bailout.
Budget 2012 will include €700m of cuts to social welfare, health and education spending.
The average two-child family could be left €240 worse-off per year following a €10 cut to child benefit.
Dole payments to the 440,000 job seekers on the live register may also be cut by €8 a week.
Some €500m of savings for the health budget is likely to be announced through a €50 annual charge for medical care and a 50% hike in prescription charges.
The Irish Patients Association warned these measures could cost lives among society's most vulnerable.
€1bn of the €2.2bn in spending will be sliced off the public service pay bill, which will include a possible 5% cut to allowances, premium pay and overtime to new doctors, nurses, teachers and gardai.
With low to medium earners taking such hard hits, Mr Howlin said it was important that high earners bear some of the burden too.
He will impose a 20% levy on pensions of public servants exceeding €100,000 a year.
However, the opposition has described the 20% levy, which will save just €400,000, as "scandalous".
Top pension earners, including former Taoisigh, chief justices and heads of state, will still bring home more than €100,000 after the levy.
Other spending cuts may result in university registration fees increasing by €250, along with the postgraduate grant being replaced with a loan.
As for tax hikes, VAT is certain to rise by 2% to 23%, along with increases in carbon tax on home heating and motor fuels, which could rise by at least €5 a tonne to €20.
This would add around 3c to a litre of petrol on top of the VAT rise.
Taoiseach Enda Kenny has addressed the nation ahead of the announcement of more austerity measures in Budget 2012.
He said that in Budget 2012 - which will be unveiled on Monday and Tuesday - public spending must be cut by €2.2 billion, and that extra taxes must raise €1.6 billion.Enda Kenny -What i heard from his speach
Has any one uploaded the speech so you can leve a comment I tried on RTE but it was not approved by the thought police
kjp68 2 months ago 5
@kjp68 yeah on my channel
EarthriseChannel 2 months ago