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Public Spending "is out of control" - Senator Sean Barret


SPN

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A very interesting article in today's Sindo which finally nails the biggest issue facing our Republic - the chronic overspending our Government has been indulging in since the collapse of the bubble tax windfall in 2008.

Economist warns that public pay is out of control - Independent.ie

A catastrophic failure to tackle Ireland's "out of control" public spending means it is now a high-tax economy, it has been claimed.

Despite a budget deficit of €15bn last year, the public pay bill is up to 35 per cent higher than the OECD average and our welfare spend is 29 per cent higher than the average, leading economist and Trinity College senator Sean Barrett has said.


We ramped up spending when we had the windfall taxes rolling in, but we have not even begun to attempt to get spending back into line with normality in the intervening 5 years - preferring instead to ramp up borrowing by more than €100 Billion, €65 Billion of which was borowed from the Troika.




"The international comparisons on pay in that report show that Ireland has a high public pay bill," he said. "The OECD average for compensation of employees is 10.8 per cent of GNP and in Ireland it is 14.1 per cent."

The OECD average - which includes wealthy Countries. We are not a wealthy Country!



Dr Barrett said that seeking cuts of only €300m from the public sector when total spending amounts to more than €51bn was totally inadequate. He added that the problem "must be confronted".

"Current expenditure is €51.5bn, from which the Government is looking for €300m in savings," he said. "These savings targets could also have been met had we made across-the-board cuts of 0.58 per cent.

By any reasonable analysis of the numbers, the overspend on PS pay, perks and pensions is more than €3 Billion a year. Cutting the spend on pay (alone) by €300 million doesn't even begin to address the issue.



And then there is some gratuitous populist wánk from the FFailures:

Fianna Fail finance spokesman Michael McGrath said: "Working families have been hammered and they can take no more. The cumulative impact of all the measures introduced since 2008 has put an enormous strain on families, communities and the spirit of the nation. A lot of poverty is under the radar."
Caused by you FFailure barstards and the economic bubble you blew up until it exploded.
 

dresden8

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I remember when FF were the Greens mates. They had a lot of confidence in them.
 

DJP

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Yes I read that.

Everyone, in my opinion, in the civil service on €40,000 or more should have their pay reduced to comparable rates for the average OECD levels. Not necessarily strictly in line with them but more comparably. And I do think that welfare has to come down more. I think it may have to be means tested. People living at home with their parents in affluent households should be on considerably less than €188 a week. Many should keep the full amount and some should generally have their welfare increased, broadly whether it be on child benefit and medical card etc. and not on their standard benefit.
 

Analyzer

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Time for Gimmemore to put the overpaid professor in his box.

Maybe they could discuss on Made Marion on Pravda ?
 

bokuden

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Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites
 

Analyzer

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We are not a wealthy Country!
We are not a solvent country. But we can afford to needlessly throw moey at wealthy Anglo Bondholders, Montrose Millionaires, useeless fat pensioned k_nts like Cowen, Bertie, the Ponzi Democrats, charities that employ former FFailed ministers, etc...

The atate in Ireland is still far too expansive. far too large, and far too wasteful.

.
 

The Field Marshal

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Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites
Amidst all that rage against economists have you anything to say about the colossal expenditure and borrowing sprees regularly indulged in by quisling Irish govts courtesy of foreign politicians and financiers?

The proven parasites on this island are not economists but the politicians and large elements of their overpaid public service employee support group.
 

jackryan

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Nothing stopping him handing back some of the money he gets from the public purse! every little helps!
 

R3volution_R3ady

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Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites
Talking about burying your head in the sand.
 

ger12

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True. We're still spending beyond what we can afford. It'll all end in tears.
 

twokidsmanybruises

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A very interesting article in today's Sindo which finally nails the biggest issue facing our Republic - the chronic overspending our Government has been indulging in since the collapse of the bubble tax windfall in 2008..
Wonderful to be told this at the beginning of June 2013. Without the "Sindo" I'd never have known.

Stop press: rain is wet.
 

Fr.Ted Crilly

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So, if these figures are correct, it finally puts to bed FG's claims of no increases in tax on income or 'income tax' to everyone else.

2007 taxes on income = €13.57 billion

2010, just before FG took control = €11.2 billion

2013, FG in office 2 years = €15.8 billion.

They can call these new taxes whatever they want, but at the end of the day it comes out of peoples income, so income tax hikes through the back door.

And the clowns in government can't see why the domestic economy is dead.

Laughable.
 

cogar

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Say unemployment is reduced by half how would that effect public expenditure? Say we stop paying child support of families or household with income in excess of 65k or cancel all the pensioner universal benefits what would that save and say we abolish the senate what would that save or we reduce the pay of the top brass in the universities and their pensions what would that save? Give us all a break!
 

R3volution_R3ady

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We need to make government smaller. It's a simple as that. The PS needs to be cut whether they like it or not. It's simple mathematics. And as of now, they're still living in a fantasy land. The current government don't have the stomach for it and the country will turn into an even bigger basket case.
 

Watcher2

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So, if these figures are correct, it finally puts to bed FG's claims of no increases in tax on income or 'income tax' to everyone else.

2007 taxes on income = €13.57 billion

2010, just before FG took control = €11.2 billion

2013, FG in office 2 years = €15.8 billion.

They can call these new taxes whatever they want, but at the end of the day it comes out of peoples income, so income tax hikes through the back door.

And the clowns in government can't see why the domestic economy is dead.

Laughable.
What. A ridiculous conclusion to draw. Do you consider vat to be income tax? After all, it's taken out of people's income. And is corporation tax income tax too since its only from people's incomes that companies make profits so it MUST be income tax.

Jeez
 

Fr.Ted Crilly

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What. A ridiculous conclusion to draw. Do you consider vat to be income tax? After all, it's taken out of people's income. And is corporation tax income tax too since its only from people's incomes that companies make profits so it MUST be income tax.

Jeez
In the article the guy says these are 'income tax' figures.

According to the Department of Finance, in 2007 when the economy was still roaring ahead, €13.57bn was collected in income tax, which accounted for 29 per cent of all taxes.

Now, with the economy stagnating, 75,000 people emigrating each year and 294,600 people unemployed, the Government will take in €15.8bn (or 42 per cent of the total tax take), up from the trough of €11.2bn in 2010. That is a €4.6bn or 41 per cent swing in less than three years.
 

gatsbygirl20

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We need to make government smaller. It's a simple as that. The PS needs to be cut whether they like it or not. It's simple mathematics. And as of now, they're still living in a fantasy land. The current government don't have the stomach for it and the country will turn into an even bigger basket case.
We are "making government smaller"....not promoting, not hiring, asking workers to cover two jobs, leaving gaps in services, slashing wages

The lack of creche inspectors is one area where we have let "government get off the backs" of the vibrant private sector, and saved money at the same time

Now when it looks as if the vibrant private sector cannot be trusted not to exploit, gouge and corner-cut ,there are calls for hundreds more inspectors to be employed to try to stop the exploiting, gouging and corner-cutting.

But these new inspectors will push up "the public sector pay bill" and next thing you know there will be calls for a fourth pay cut in the PS, because "the PS pay bill has not come down"--- and it is somehow presumed that the reason for that is because the salaries of most ordinary PS workers are going up, when the opposite is the case....
 

The Field Marshal

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What. A ridiculous conclusion to draw. Do you consider vat to be income tax? After all, it's taken out of people's income. And is corporation tax income tax too since its only from people's incomes that companies make profits so it MUST be income tax.

Jeez
Go away you govt tool.

Its bad enough you supporting the iniquitous VAT regime introduced on the basis of a lie that it would replace income tax.

Now you fail to understand that what poster Fr Ted Crilly is trying to say is that the overall govt take between income tax,vat, dirt, excise and death duties,CGT ,insurance levies etc etc is truly humunguous.
 

Watcher2

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Go away you govt tool.

Its bad enough you supporting the iniquitous VAT regime introduced on the basis of a lie that it would replace income tax.

Now you fail to understand that what poster Fr Ted Crilly is trying to say is that the overall govt take between income tax,vat, dirt, excise and death duties,CGT ,insurance levies etc etc is truly humunguous.
Tfm, I'm failing to grasp nothing. You should look in the mirror you gobshyte.
 
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