SBP - €4billion required in budget

jacko

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In tomorrows paper, the main story is quoting govt sources as saying that the required adjustment will be €4 billion.

In a separate story Pat Leahy reports Eamon Ryan as saying that the Greens have only agreed to €3billion

Will it be the Greens rather than FF backbenchers that bring an end to the government ?
 


He3

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Time to reach for the quango hammer.
 

dotski_w_

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In tomorrows paper, the main story is quoting govt sources as saying that the required adjustment will be €4 billion.

In a separate story Pat Leahy reports Eamon Ryan as saying that the Greens have only agreed to €3billion

Will it be the Greens rather than FF backbenchers that bring an end to the government ?
in fairness, its 2 October. Negotiations will take place for some months, D/Finance will start off looking for the maximum and over time it will settle on a lower figure. Happens every year.
 

P.White MMPC

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In tomorrows paper, the main story is quoting govt sources as saying that the required adjustment will be €4 billion.

In a separate story Pat Leahy reports Eamon Ryan as saying that the Greens have only agreed to €3billion

Will it be the Greens rather than FF backbenchers that bring an end to the government ?
Non story, Greens will agree to any figure once its keeps an election at bay
another while longer
 

charley

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Way short,it will be between €6 and €8 billion.
The deficit has to go from 32% to 3% in 3 years and also figure in that the annual tax take will contract by a minimum €5 billion a year until it bottoms at about €15 billion.
Any increases in tax will be cancelled out by the increases in unemployment and emigration. There's another €20 billion to go into the banks in the next 18 months as well.
 

rockofcashel

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in fairness, its 2 October. Negotiations will take place for some months, D/Finance will start off looking for the maximum and over time it will settle on a lower figure. Happens every year.
I fear it'll be even worse this time though. Before there was a political element.. make it look really bad, so that when they cut less, it won't look so bad. This time, they simply have to cut hard and deep
 

Lennon

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Net current spending for 2010 is €47.1 billion. A 10% reduction per annum in this would be a reasonable target for the next few years. The Government need to switch to a zero based budgeting approach to eliminate the huge waste included in this expenditure. Additional taxes of €2 billion would supplement the cost savings of €4.7 billion.
 

Malbekh

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Another issue to take into account is that next year the government were counting on a moderate return to growth to narrow the gap. That ain't going to happen now...
 
L

longshortgrass

in fairness, its 2 October. Negotiations will take place for some months, D/Finance will start off looking for the maximum and over time it will settle on a lower figure. Happens every year.
Regret to advise that this is not "every year".

The times they are a changing....:roll:
 

grassroots

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in fairness, its 2 October. Negotiations will take place for some months, D/Finance will start off looking for the maximum and over time it will settle on a lower figure. Happens every year.
Dotski, you will be in power soon enough and then you will get to cut 4-5bn per year for your term in govt, along with some tax raises of course-70% marginal rate of IT? Let see hou your 40 newly minted lobby fodder are going to hack that.
 


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