Tuesday 27 September 2016

No scope for tax cuts in Budget 2016 - Nevin Institute

Published 24/06/2015 | 07:32

Michael Noonan
Michael Noonan

Think-tank The Nevin Economic Research Institute (Neri) has said there is no scope for cutting taxes in next October's budget.

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This is due to the already low levels of Government spending and strained public services.

Neri has also branded government plans for a 50:50 split in Budget 2016 between spending increases and tax cuts as inappropriate.

In its latest assessment of the economy, the trade union-funded think-tank said long term economic growth, employment and equity goals could be achieved by boosting public capital investment levels.  

“In addition, we argue for a modest increase in social spending funded by a set of growth-friendly reforms to increase total government revenue,” Neri said.

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