Nat O'Connor: We have made an initial response to the Budget 2012 public spending announcments.
The reforms to the budgetary process could be a significant improvement. But, where is the economic strategy? It seems the Government is continuing in the vein of previous budgets by focusing narrowly on the public finances while neglecting the massive (direct and indirect) effects that these austerity measures have on the economy.
3 comments:
A timely OECD report on inequality:
http://www.oecd.org/document/40/0,3746,en_21571361_44315115_49166760_1_1_1_1,00.html
Though Ireland seems to be missing.
There is some data on Ireland in the free summary: http://www.oecd.org/dataoecd/40/12/49170449.pdf
Thank you, Nat. I spotted that too late, but I fail to understand why sufficient data did not appear to available to allow results for Ireland to be presented as they seem to be for all other OECD members in the main analysis.
We need these ort of adat to evidence the major dyfunctionalities in the irish economy.
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