| 5.9°C Dublin

Close

Premium

Dan O'Brien: Let's hope this crash has taught us a lesson

Close

New rules and warning systems have been put in place at EU level to avoid future public finances crises in member states

New rules and warning systems have been put in place at EU level to avoid future public finances crises in member states

New rules and warning systems have been put in place at EU level to avoid future public finances crises in member states

'The national budget is the soul of a country." So said the great Austrian economist Joseph Schumpeter. There is much truth in this observation. Looking at how much tax is raised, where public spending goes and how well taxpayers' money is managed tells a great deal about a country's politics, society and economy.

In the post-troika era, the Government has regained a considerable degree of control over the national budget and politicians are hearing constantly from every part of society as to how this regained freedom should be used.


Most Watched





Privacy