UptheDeise
Registered User
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Quite a lot of people are saying that this budget was necessary, good and proper to get our economy back on track.
I beg to differ.
We will probably borrow €24 billion this year. Next year we will have €4 billion in cuts, so we need to borrow €20 billion plus €5 billion to service our debt. That's €25 billion in total. Add on the rising unemployment costs, less PRSI and VAT, plus more doled out on benefits and entitlements, how much more we will have to borrow in 2010 is anyone's guest.
Thoughts please.
I beg to differ.
We will probably borrow €24 billion this year. Next year we will have €4 billion in cuts, so we need to borrow €20 billion plus €5 billion to service our debt. That's €25 billion in total. Add on the rising unemployment costs, less PRSI and VAT, plus more doled out on benefits and entitlements, how much more we will have to borrow in 2010 is anyone's guest.
Thoughts please.