Imagination needed on budget changes

How much is too much?

15th October, 2011

How much is too much?

Should the government follow the advice of the Fiscal Advisory Council and look for a €4.4 billion correction in Budget 2012? Or should it heed those who warn that this would be self-defeating, depressing an already lacklustre economy? There is no ‘right’ answer to this one, it is purely a matter of judgment. Higher taxes and less spending do, by definition, take cash out of the economy. If the international...

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