Tuesday 26 September 2017

Stephen Kinsella: What it's all about and consequence of our vote

Stephen Kinsella

Stephen Kinsella

A government's budget is in deficit when what it gets from taxation in a given year is less than it what it is spending. Our government deficit has increased markedly since 2007.

Our general government debt went from €48bn in 2007 to an estimated €169bn by the end of 2011.

Our unemployment rate has been greater than 14pc for more than two years and our output (Gross National Product or GNP) has contracted by more than 24pc since its peak in 2007.

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