Irish budget repeats ‘boom-to-bust’ mistakes, watchdog warns

https://www.bbc.co.uk/news/articles/c4g5wdlnwp9o

Posted by Kagedeah

21 Comments

  1. I will say this, publically funded watchdogs feel obliged to sound a warning regardless of the merits of a budget.

  2. The fiscal council will always complain if there’s basically any spending. Their whole mantra is no spending.

    That said, interesting that it’s *this* angle the BBC decided to go with when reporting on the budget.

  3. 1reallyhatemondays on

    Nah, there’s not much debt, no single industry that could crash like construction in the short term, and banks are regulated to the max.

    Anyone who thinks we’re headed for a bust has an agenda. Our problems are lack of infrastructure from rail, water and power and needs far more spending.

  4. demonspawns_ghost on

    Another manufactured economic crisis incoming.

    Now you know what the surplus is for.

  5. I’m gonna be up 90 euro a month from the income tax decrease. And I didn’t really need it tbh

  6. External-Chemical-71 on

    Can’t have a boom if we don’t have the odd bust.
    Tbf these things are cyclical in nature anyway and we seem to be taking cues more from America in following the cycles than say Germany who try and manage a zero or close to it inflation economy. It’s not working well for them right now and it definitely wouldn’t work for us.

  7. We deserve it for electing the same pack of cunts over and over no matter how inept and corrupt they are.

  8. Charming-Potato4804 on

    This is the Russians trying to undermine the European economy, targetting Ireland first through the UK backdoor!

    It’s obvious!

  9. They don’t care because it won’t affect them when it all goes tit’s up. They’ll just retire on the 6 figure sums pensions.

  10. Not to worry lads, I’ve been charged 58 cent more in PRSI for no discernible reason this week. That’ll probably cover the new costs.

  11. Sure we’ll just add another usc charge for “3 years” to fix the whole thing.

    Then tell the public ” gotchas ”

    Worked before 🤷🏽‍♂️

  12. Top-Exercise-3667 on

    Are people really gaining though with the tax changes after inflation the last few years?

  13. Zechs_marquie on

    I work for a global investment bank. I can assure you what is coming is far worse than 2008 and governments/economies that borrow heavily ( Ireland, US, UK, France ) are about to get pulverized!

    Governments are literally deaf to any and all warnings from serious economists.