Friday 9 December 2016

Government should heed last week's useful advice

Published 20/09/2015 | 02:30

‘The Government is still borrowing to fund its spending. And every euro it borrows goes on top of the massive debt pile that already exists’
‘The Government is still borrowing to fund its spending. And every euro it borrows goes on top of the massive debt pile that already exists’

With less than a month before Budget 2015 is unveiled, both the public finances watchdog and the Paris-based OECD weighed in last week on how the package should be constructed. Both outfits continue to make the case for avoiding a return to the bad old "if I have it, I'll spend it" ways.

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Before getting into their views in more detail, let's cheer ourselves up a bit this Sunday morning.

For a very long time, there was nothing but bad budgetary news. It was depressing to write about it and, no doubt, depressing for readers to read.

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