Coalition can afford to spend on big projects, says Citi

Coalition can afford to spend on big projects, says Citi

l Spending would not affect deficit, claims banking giant . Certain undertakings ‘would effectively pay for themselves’

The government could announce a number of big spending projects ahead of the next election campaign and still effectively reduce the deficit, according to a report issued by global banking giant Citi.

The claim, by the bank’s head of European economics Michael Saunders, is a direct contradiction of the European Commission’s advice that the government “is experiencing macroeconomic imbalances, which require decisive policy action and specific monitoring”.

“Unless the country is hit by...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post