Brendan Burgess
Founder
- Messages
- 52,046
http://www.oireachtas.ie/parliament/watchlisten/watchlive/daileireann/
The ratio will be 2:1, increased spending to tax cuts.
€500m of tax cuts and €195m in increases
€58 billion of expenditure
Projected 0.9% of GDP this year
deficit 0.4% of GDP next year
Brexit a real risk to our economy. 16% of our exports, but 40% of our indigenous exports. The best outcome is a UK which is still involved with the EU. We want the common travel area and common labour market.
We must have safety measures in place against shocks. Keep faith in prudent fiscal budget. We must balance the budget in 2018. And surpluses thereafter.
Economic shock absorbers.
After 2019, we will put aside €1b a year to be spent in counter cyclical measures.
The high level of national debt is a risk.
A new Debt/GDP target of 45% to be reached by mid 2020s, or soon thereafter.
We must get away from boom and bust cycles.
The ratio will be 2:1, increased spending to tax cuts.
€500m of tax cuts and €195m in increases
€58 billion of expenditure
Projected 0.9% of GDP this year
deficit 0.4% of GDP next year
Brexit a real risk to our economy. 16% of our exports, but 40% of our indigenous exports. The best outcome is a UK which is still involved with the EU. We want the common travel area and common labour market.
We must have safety measures in place against shocks. Keep faith in prudent fiscal budget. We must balance the budget in 2018. And surpluses thereafter.
Economic shock absorbers.
After 2019, we will put aside €1b a year to be spent in counter cyclical measures.
The high level of national debt is a risk.
A new Debt/GDP target of 45% to be reached by mid 2020s, or soon thereafter.
We must get away from boom and bust cycles.
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