Sunday 4 December 2016

Burden of running the State more heavily focused on a smaller number of taxpayers

Published 13/10/2016 | 02:30

Finance Minister Michael Noonan and Minister for Public Expenditure Paschal Donohoe prepare to reveal Budget 2017 Photo: Mark Condren
Finance Minister Michael Noonan and Minister for Public Expenditure Paschal Donohoe prepare to reveal Budget 2017 Photo: Mark Condren

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.

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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.

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