Government's lopsided attitude to spending is bordering on immoral
Published 05/12/2012 | 06:00
Another €3.5bn is sought by Government in this week's Budget for 2013. We wait with hope rather than confidence that the ministers Howlin and Noonan will at last show leadership in addressing Ireland's bankruptcy.
As with any farm, household or company in financial peril, the national budget should be about prudent and best use of scarce resources. The Government again next year plans to spend €12bn more than it takes in.
In spending this borrowed cash the Ministers should ask of every item:
nIs it fair and equitable?
nIs it affordable?
nWill it create jobs and wealth which support our future economy?
nGiven Ireland's recent past, will the Budget address the blunders known as Benchmarking and Croke Park and will it retrieve lost competitiveness?
A European Central Bank comparison of public sector versus private sector salary scales across 10 Euro countries shows that the PIIGS (Portugal, Ireland, Italy, Greece and Spain), along with their shared financial woes, also share the fact of paying premium wages to the public sector.