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IMF predict tougher budget in 2015

  • 19-12-2013 9:09pm
    #1
    lightspeed
    Registered Users, Registered Users 2 Posts: 1,292 ✭✭✭


    Well im confused

    Michael Noonan has indicated that there could be decreases in income tax or adjustment in tax margins in 2015.

    "Mr Noonan said the possibility of a tax cut in 2015 or 2016 may be emerging,"

    Taken from the following:
    http://www.irishtimes.com/news/politics/noonan-signals-possible-income-tax-cut-in-budget-1.1626123

    However, for us to met crucial eu fiscal targets, it appears from the IMF's assessment that we will need a tougher budget in 2015.

    http://www.independent.ie/irish-news/final-imf-report-suggests-tougher-budget-in-2015-29853381.html

    2014 will bring further property charges, water charges and who knows what else in the new year. I cant see where they predict economic growth to come from?

    GDP is expected to grow 1.7% but here in Ireland, it is really GNP that matters. I see no mention of that.
    They also stated "The IMF warned that high long-term unemployment, if left unaddressed, could depress growth for years."

    Well, unemployed is a result of the economic decline experienced in the past few years. The economic declined is a direct side effect of the Austerity imposed and yet at the same time they suggest more?


Comments

  • #2
    Satriale
    Closed Accounts Posts: 4,023 ✭✭✭Satriale


    pity they didnt predict the crash...


  • #3
    Eight Ball
    Closed Accounts Posts: 906 ✭✭✭Eight Ball


    Your problem OP is believing a word that comes out of the governments mouth.


  • #4
    paulbok
    Registered Users, Registered Users 2 Posts: 5,040 ✭✭✭paulbok


    Don't know why they didn't go with the full adjustment in the budget just gone and get it the f%*k over with.


  • #5
    Mint Aero
    Closed Accounts Posts: 3,570 ✭✭✭Mint Aero


    Yay


  • #6
    lightspeed
    Registered Users, Registered Users 2 Posts: 1,292 ✭✭✭lightspeed


    paulbok wrote: »
    Don't know why they didn't go with the full adjustment in the budget just gone and get it the f%*k over with.

    Cause there is an election in 2016 and them sleazy snakes care about is getting re-elected.

    There probably will be some playing around with income tax but you can be there will be plenty more increases in indirect taxes to compensate, along with further cuts to services.


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  • #7
    wretcheddomain
    Registered Users, Registered Users 2 Posts: 3,094 ✭✭✭wretcheddomain


    Their opinion doesn't matter any more; Noonan can throw euros at him and laugh in his face.


  • #8
    chopper6
    Banned (with Prison Access) Posts: 3,214 ✭✭✭chopper6


    Those ratbags are already trying to start another property bubble...this will all end badly.


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