Government might be hoping for the best as tax revenues slow
All this feel-good talk about the public finances is not based on what the actual numbers are really saying
Michael Noonan said last Wednesday: "The amount of tax collected in 2016 is at an historic high."
The Finance Minister's comments, made to coincide with the publication of some tax and spending figures for December, were followed by plenty more positive comments in the media.
This is worrying, and smacks of the period before the property crash when the notion that nothing could go wrong became ingrained. What's happening to the Government's finances at the moment is not like what started to happen in 2007, but there are warning lights.
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