Finance Minister Michael Noonan has rolled back on plans for a €2.5bn ‘rainy day fund’ for any shocks to the economy and admitted this will not be part of Fine Gael’s specific spending promises in the election campaign.
With an election in the offing, a growing percentage are completely disillusioned with politics as it has been practiced by the main parties in this country for decades. Time and again we’ve had the merry-go-round of promises to do things differently when in opposition, and subsequent reneging when in government. In that light, we have compiled 10 ideas that might contribute to saving politics from total cynicism, writes Special Correspondent
Brace yourself for a barrage of ‘good news’ over the next nine months or so, courtesy of the Government, as they, against the advice of the Fiscal Advisory Council, among others, prepare to secure the outcome of the next general election.
The positive revision of growth figures from the Central Bank yesterday – up to 4.5% from 2.5% — is another welcome indication that our economy is turning the corner. These figures, unimaginable even a short while ago, must be a cause for some guarded optimism.