Ok so we are already 7 Billion behind in our tax take on last year, and heading into the fourth quarter, does that mean we will be 10 billion behind by the time of the budget, which would be approximately 20% of the total budget gone up in smoke.
Added to that the expected pay rise demands of public sector workers and we can expect a budget maybe 5% larger than last year.
So there will be a gap of 25% between what we intend to spend and what we receive in tax, probably about 12 billion euro, to make up.
Where are the government going to get 12 billion euro from? Are they going to borrow it?
Anyone else worried about this? Or is it still an abstract concept to most people, ie so much money, people cannot associate with 12 billion.
And it this happens again next year, and possible for the next five years, we will be 60 billion in debt. We took years to control our national debt and now its been run up once more.



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