Sunday 4 December 2016

Political game of thrones ignores the fiscal reality

Published 05/05/2016 | 02:30

THE politicians were off playing game of thrones, and the voice of the mandarin was heard in the land. That at least is one interpretation of last week's Spring statement on the budget outlook.

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The tone was very different from the election manifestos of just a few weeks before, but it is largely a matter of tone. The problem has been reconciling manifesto policies with these numbers

Fine Gael, you may recall, got into particular trouble with this because of different interpretations of "fiscal space."

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