€1bn surplus for Jan/Feb 2020

Marcos the black

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Overall, the Exchequer recorded a surplus of just over €1 billion at the end of February, with tax revenue running 13.8% ahead of the same period last year. Income tax returns were strongly ahead by 14.6% year-on-year.


So, as a new govt, who ever they may be, is being formed the economy is performing very well and humming along nicely.
I'm starting this thread as a benchmark to measure the economic performance of the next govt against what was handed to them.
And the best of luck to whatever govt is formed, let's hope they build on a strong performing base
 


SamsonS

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Employment and earning stats to add to the mix.

On the employment stats, the numbers we have working full time at 1.886m is higher than we recorded at the peak in q3 2007. When we take into account that construction employment is only half of what it was in 2007 there has been terrific growth in full time employment from the dark days of 2012.
 

RelentlessApathy!

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What does that mean? It reads like a meaningless soundbite. There is nothing in it.
Well, put it this way. A rising tide is of little use if most peoples boats are leaking, in fact quite the opposite. It's good that economy has been repaired after the crash, but having ignored the damage done to citizens and society at large has left quite a bit to be desired. Hence, the election result.
 

SamsonS

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Not a new issue - if economy is going well and employment growing then that's no longer the issue, and other issues become the issue.
 

RelentlessApathy!

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Imagine how much worse our society if FG went down the road that SF and other left wing parties wanted them to go, the greek way.
Unemployment - 15% +
Homeless - 20,000 +
Health System - spiraling out of control
That's a slippery slope fallacy, Had FG been a bit more moderate on investing in Health and Housing they would probably be on the way to forming a government now.
 

CatullusV

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I’d place my trust in Fine Gael to turn a budget surplus but not adequately care for those in need.
This is the problem with what effectively is sloganeering. I've heard the same comments hurled in all directions by all parties for decades. It all becomes meaningless after years of hearing it.
 

Round tower

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That's a slippery slope fallacy, Had FG been a bit more moderate on investing in Health and Housing they would probably be on the way to forming a government now.
If we had gone the Greek way their would have being nothiing to invest in either.
Housing yes but investment in health is not the problem, investment in heslth has being a s high as ever and comparable to other countries.
 

midlander12

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Overall, the Exchequer recorded a surplus of just over €1 billion at the end of February, with tax revenue running 13.8% ahead of the same period last year. Income tax returns were strongly ahead by 14.6% year-on-year.


So, as a new govt, who ever they may be, is being formed the economy is performing very well and humming along nicely.
I'm starting this thread as a benchmark to measure the economic performance of the next govt against what was handed to them.
And the best of luck to whatever govt is formed, let's hope they build on a strong performing base
Unfortunately, this is probably as 'good as it gets'. There will almost certainly be a world recession in the next couple of years, quite likely this year unless this Coronavirus genie can be put back in the bottle. Whatever govt takes over this year will be wiped out in 2024/25 after renewed austerity, and whoever takes over then will have to clean up the mess. All the populist dreams laid lovingly before the electorate (by no means exclusively by SF) look likely to go up in smoke in any event.
 

Dame_Enda

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What does that mean? It reads like a meaningless soundbite. There is nothing in it.
It means the public services continue to be starved of the necessary amounts of cash, which the numbers show us available. FG are good at the economy at a macro level but useless at delivery public services or affordable housing. Macro is no longer enough. In the exit polls at the election, 62% say they havent benefited from the recovery.
 

Marcos the black

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It means the public services continue to be starved of the necessary amounts of cash, which the numbers show us available. FG are good at the economy at a macro level but useless at delivery public services or affordable housing. Macro is no longer enough. In the exit polls at the election, 62% say they havent benefited from the recovery.
 

Round tower

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Unfortunately, this is probably as 'good as it gets'. There will almost certainly be a world recession in the next couple of years, quite likely this year unless this Coronavirus genie can be put back in the bottle. Whatever govt takes over this year will be wiped out in 2024/25 after renewed austerity, and whoever takes over then will have to clean up the mess. All the populist dreams laid lovingly before the electorate (by no means exclusively by SF) look likely to go up in smoke in any event.
Yes and in the Virgin media leaders debate, they were asked by Ivan Yates whatbwould hapen their promises in the case of a recession , not too sure what Mary Lou and Michael said but Leo clearly said that if their is a recession that all promises would have to be reviewed
 

Dame_Enda

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hiding behind a poster

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Well, put it this way. A rising tide is of little use if most peoples boats are leaking, in fact quite the opposite. It's good that economy has been repaired after the crash, but having ignored the damage done to citizens and society at large has left quite a bit to be desired. Hence, the election result.
What was ignored?
 

hiding behind a poster

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It means the public services continue to be starved of the necessary amounts of cash, which the numbers show us available. FG are good at the economy at a macro level but useless at delivery public services or affordable housing. Macro is no longer enough. In the exit polls at the election, 62% say they havent benefited from the recovery.
What public services should be getting more cash, and what should that cash be spent on? Also, define "benefitted from the recovery".
 


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