Thursday October 1, 2020

Budget spree comes at a price

Brian Cowen indicated in Wednesday’s budget speech that the underlying inflation rate for 2007, as measured by the Harmonised Index of Consumer Prices, would be about 2.6per cent.

9th December, 2006

He also expects economic growth to reach 5 per cent, and indeed described a growth rate around this figure as ideal in Ireland’s current circumstances.

If growth is 5 per cent and inflation 2 to 3 per cent, it follows that the expenditure side of the government budget can rise by no more than 7 to 8 per cent without the need for an increase in the tax burden or resorting to additional borrowing....

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago