Thomas Molloy: Why boring Exchequer figures are good news
Published 05/07/2011 | 05:00
SOMETIMES it is good to be boring. Canada is boring. So is cabbage. So were yesterday's Exchequer figures.
For more than a decade, the country's Exchequer figures missed targets because they either failed to anticipate how well the economy was performing or, in latter years, how disastrously. The Exchequer figures tended to be many things, including wildly inaccurate, but they were never boring.
All this seems to have changed. Since the beginning of the year, the amount the Government spends and earns from taxes is very close to what was predicted in the late Brian Lenihan's final Budget in December 2010.