4 year plan - "stark and IMF lite'

ParkRunner

It looks like we will finally learn the contents of the 4 year plan to eliminate the exchequer deficit on Tuesday, although it is still subject to the thorough assessment of the European Commission according to the Irish Times.

This will effectively tie any future government into the plan with limited room for manoeuvre. The Irish Times seems to suggest that corporation tax will be left untouched (rightly so) and I can't see them scrapping the croke park deal. I think the government have known for months that this was going to happen and they were just preparing for it all the time.

The independent states that the plan is expected to contain details of a property tax, water charges and reductions in the budgets for public services, such as health and education. There are no big surprises here so the big question is will it be approved by the the EU/IMF and will it work.

I hope that whatever is set out in the plan can be stuck to, because with so much uncertainty at the moment the economy doesn't stand a chance of recovering with people saving whatever money they have in anticipation of a harsh budget.

wicorthered

I think the EU/IMF have already approved any 4 year plan that will be published. I think its clear that EU/IMF have been dictating financial policy here for the last few months

tashiusclay

hogwort wrote: »

hope our government doesnt excercise bad judgement though..

Now why would you think they'd do a thing like that..?