Irish budget, 2012

The 2012 Irish budget was the Irish Government budget for the 2012 fiscal year, presented to Dáil Éireann in two parts on 5–6 December 2011. It was the first budget of the 31st Dáil, with the first part delivered by Minister for Public Expenditure and Reform Brendan Howlin, and the second part delivered by Minister for Finance Michael Noonan. The budget contained tax increases, and spending cuts of €3.6bn for 2012.

Before the budget

The budget was preceded by a rare televised national address by a taoiseach when Enda Kenny spoke to the country two days beforehand. This was only the sixth time that a taoiseach has addressed the nation, reflecting the gravity of the Irish economic condition, in what Kenny stressed were "exceptional" circumstances. The address drew the second highest television audience of the year on Irish television. The following day, Thomas Pringle TD replied on television in an address on behalf of the opposition technical group of TDs in Dáil Éireann.

2012

2012 (MMXII) was a leap year starting on Sunday (dominical letter AG) of the Gregorian calendar, the 2012th year of the Common Era (CE) and Anno Domini (AD) designations, the 12th year of the 3rd millennium, the 12th year of the 21st century, and the 3rd year of the 2010s decade.

2012 was designated as:

Events

January

February

Irish

Irish may refer to :

See also

Budget

A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. It expresses strategic plans of business units, organizations, activities or events in measurable terms. International Budget Partnership regularly monitors global budget information for the civil society.

Etymology

A budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period.

A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.

Purpose

Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include: