Ireland budget: Tax hikes and spending cuts expected

5 December 2012 Last updated at 05:54 ET Help

The Irish government will present its sixth hard-hitting budget since the collapse of the country's Celtic Tiger economy on Wednesday.

More tax rises and spending cuts will be announced as the government hopes to save another 3.5bn euro (£2.8bn).

A new property tax is expected, along with cuts to the health and social welfare budgets.

Mark Simpson reports.

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