Burden of running the State more heavily focused on a smaller number of taxpayers
Published 13/10/2016 | 02:30
This week's Budget was the third in a row in which the public purse strings were loosened. Budget 2017 also joins its immediate predecessors in having a last minute ramping up of the amounts splashed in new spending and tax cuts.
Fiscally, plus ca change.
More positively, that the Government has been in a position to do this very much coincides with the changed fortunes of the economy. The long recession/depression hit its low point in 2012. Since then, almost every indicator of economic health and activity has been on the up.