Saturday 29 April 2017

Brendan Keenan: Hindsight shows how FF couldn't win on economy

Brendan Keenan

Brendan Keenan

THE past is indeed another country, but thanks to the wonders of computing, one can easily visit it.

A look at the Exchequer returns for the great boom year of 2006 shows what a different country it was. Even though I wrote it myself, the Irish Independent analysis of those returns makes for astonishing reading.

I had forgotten that tax revenues for that year exceeded the target by €5bn. The government had planned for revenues of €40bn during the year -- €9bn more than this year's expected figure, by the way -- but the final total was €45bn.

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