The state spends the money it gathers in taxes in four main ways. It provides health, education, social protection and then it provides everything else. Between 70 and 80 per cent of all OECD economies’ spending is on health, education and social protection.
In Ireland, since the crisis, the expenditure profile of social protection and education has, more or less, been on target. That is, the government allocates €X billion to some department to do a...
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