Why we can’t balance the books

The hype surrounding the drop of €10bn in the overall deficit masks the fact that current, day-to-day expenditure actually increased by €1.5bn (from €48bn to €49.5bn) over 2011.

Why we can’t balance the books
Wed, 09 Jan, 2013 - 00:00
Letters

Almost all the deficit reduction was caused by non-recurring bank recapitalisation costs.

Incredibly, current spending was only €41bn in 2007 when our income was €48bn.

You have reached your article limit. Already a subscriber? Sign in

Continue reading for €5

Unlock unlimited access and exclusive benefits

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

Friedrich Merz,Emmanuel Macron Shona Murray: European leaders lack backbone when dealing with Israel
Chatbot Chat with AI Artificial Intelligence concept,Businessman chatting with Ai,Technology created in the future world and pop David O'Mahony: What do we do when dystopian technology tropes become the norm?
Lebanon Obit Fisk Gareth O'Callaghan: AI can never replace the journalist as a witness to human suffering
CourtsColumnistsPlace: DublinPerson: Dick Keane
<p>‘If you want to follow a few sports, watch a couple of decent series, and keep the household entertained, you’re suddenly juggling subscriptions like a man spinning plates.’</p>

Colin Sheridan: Dodgy boxes have become Ireland’s worst-kept secret — but can the State really crack down?

READ NOW

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited