Saturday 24 February 2018

Odds on an early divorce shorten

The dream is a Coalition win in 2016, but when the heat is on there will be more rows over cuts and taxes, writes Dan O'Brien

TEAM GOVERNMENT: Structures created by the Coalition have proven effective, with the Economic Management Council of (from left) Brendan Howlin, Enda Kenny Eamonn Gilmore and Michael Noonan particularly important. Photo: Gerry Mooney
TEAM GOVERNMENT: Structures created by the Coalition have proven effective, with the Economic Management Council of (from left) Brendan Howlin, Enda Kenny Eamonn Gilmore and Michael Noonan particularly important. Photo: Gerry Mooney
Dan O'Brien

Dan O'Brien

LAST week marked the halfway point between the last Budget and the next one. In six months' time Michael Noonan and Brendan Howlin, if they are still in their respective jobs, will unveil Budget 2015.

Will it include the €2bn austerity package that has long been part of the Coalition's baseline adjustment strategy; will the economy be generating enough tax revenues to allow yet another painful Budget to be avoided altogether; and has the Government already raised expectations excessively with talk of easing the tax burden despite the still huge debt and deficit challenges?

The only thing that can be said with near certainty is that if a package of spending cuts and new taxes is implemented, the ratio between the former and the latter will be 2:1. Other than that, Budget 2015 remains a blank page.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss