Irish Fiscal Advisory Council: Die Ausgabensteigerung soll „die Inflation ankurbeln“ und die jährlichen Ausgaben eines typischen Haushalts um schätzungsweise 1.000 € erhöhen, warnt die staatliche Aufsichtsbehörde
https://www.irishtimes.com/your-money/2024/10/01/budget-2025-bonanza-budget-that-pumps-billions-into-economy-repeats-irelands-past-mistakes-states-watchdog-warns/
Von Storyboys
7 Comments
Gift with the left hand and rob with the right hand.
I’m not convinced. Our inflation has been largely caused by global supply chain issues, energy crisis due to Ukraine, pent up demand post-covid and increased financing costs (aka higher interest rates), not insane levels of consumer spending and rising income.
There’s a certain breed of neoclassical economist that panics over any level or government injection of money into the economy by thinking it’s going to turn us into Argentina. Inflation is coming down but supermarket prices etc haven’t been as quick to follow (they never are). The increases to household income caused by this budget are modest when compared to the inflation we’ve seen in recent years. I just don’t think it’s going to cause us all to go spending mad and drive up prices. I’m not an economist though so feel free to tell me why I’m completely wrong.
Can’t wait for Pearse to get up in Dail in a few months and say
“Yous went against the Fiscal council’s advice. Now we have more inflation”
It may have been a Bertie Budget but apart from the Soc Dems and Labour they were all saying it wasn’t enough tax cuts and not enough spending.
We learn nothing
Yes that’s how inflation always worked.
Im sure the measly €600 quid or just over 10 quid a week will change much for me when wages have been devalued more than that. It’ll probably just about pay for all the carbon tax increases so I can still heat my home reasonable or get my kids to school because they got denied school transport as we live too close to the school but also do we do not have footpaths to get them safely to school.
Funnily though it would probably have happened either way. At least the increase ensures I’ll not be any worse off than last year. Which I’m sure makes the difference for many people just keeping their head above water.
The workers of Ireland are milked dry at every opportunity, yet we turn out and vote to keep things the exact same in a futile bid to protect what we have. It really is insane when you think about it.
Everyone always asks the crystals “what’s in it for me” or “how am I too loose “, but it’s never “How may I help you” or “zoinks, is that your tonsils I’m playing dickpool with from the catflap of your backdoor?, strewth”. Aussie 2:27