New bodies are there to prevent TDs from pledging too much

We are back full circle to 2002 - but we have spending rules now

12th June, 2016
Dr Thomas Conefrey, John McHale and Mr Michael G Tutty at the Release of the Irish Fiscal Advisory Councils Report in Dublin earlier this month Pic: RollingNews.ie

We have bankrupted the state three times since 1950. Each time the broad pattern was the same: an international shock depressed economic activity here and the state’s ability to fund itself through general taxes was compromised. National debt levels rose to plug the funding gap, and spending on redistributive programmes to help the weaker parts of society fell. The state’s ability to fund itself was not as strong as the people, or their government, thought....

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