Brendan Burgess
Founder
- Messages
- 52,050
19 consecutive quarters of employment growth since
Unemployment at 6.1% to fall to 4.75% in 2018
We will broadly balance our books in structural terms
We will achieve the MTO Medium Term Objective
They will not protect us from every crisis.
The list of potential external threats
Deficit 0.2% of GDP forecast for 2018.
Or is it 0.5% .
Debt to GDP still too high, although it's down.
We can't ignore the level of debt
Rainy Day Fund
€1.5 billion to start from the Strategic Development Fund
€500m per year from 2019
Consultation paper to be published today
Total €60.9 billion in total voted expenditure (€12.7k per person)
€55.6 billion current expenditure.
€5.3 billion capital (up from €4.5 billion in 2017)
(€7.8 billion in 2021)
Housing, roads & schools
Too much capital expenditure would lead to overheating of construction sector and economy
We must choose the right budgetary stance
Fiscal space was €500m in nominal terms.
I am raising €830m annual revenue
Total package :€1.2
898 m additional expenditure €214 additional capital.
Tax reduction €335m in income taxes
Growth in spending will be less than the forecast growth in the economy.
Unemployment at 6.1% to fall to 4.75% in 2018
We will broadly balance our books in structural terms
We will achieve the MTO Medium Term Objective
They will not protect us from every crisis.
The list of potential external threats
- Brexit
- American Trade Policy
- Various geopolitical threats
Deficit 0.2% of GDP forecast for 2018.
Or is it 0.5% .
Debt to GDP still too high, although it's down.
We can't ignore the level of debt
Rainy Day Fund
€1.5 billion to start from the Strategic Development Fund
€500m per year from 2019
Consultation paper to be published today
Total €60.9 billion in total voted expenditure (€12.7k per person)
€55.6 billion current expenditure.
€5.3 billion capital (up from €4.5 billion in 2017)
(€7.8 billion in 2021)
Housing, roads & schools
- The new M17 between Gort and
- Limerick Hospital Emergency unit
- Pairc Uí Caoimh
- Luas Cross City
Too much capital expenditure would lead to overheating of construction sector and economy
We must choose the right budgetary stance
Fiscal space was €500m in nominal terms.
I am raising €830m annual revenue
Total package :€1.2
898 m additional expenditure €214 additional capital.
Tax reduction €335m in income taxes
Growth in spending will be less than the forecast growth in the economy.
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