Sunday February 16, 2020

Ibec and unions fooling themselves on austerity

With next year's budget due to be formally presented in October, lobbying and planning are already under way, writes Cormac Lucey.

13th July, 2013
Why on earth is Noonan beginning to declare victory -- and indulge loose talk of tax cuts -- when we are still so far away from a satisfactory budget deficit?

With next year's budget due to be formally presented in October (rather than December), lobbying and planning are already under way. The government plans a fiscal consolidation of €3.1 billion in the 2014 budget and €2 billion in the following one to bring the budget deficit back within the 3 per cent of GDP limit by 2015.

Last week, pre-budget viewpoints were put forward from varying ends of the ideological spectrum. Last Monday, employers' organisation Ibec presented its...

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