thank you Brian but you forgot to use your current favourite; 'bottoming out'Originally Posted by MM FF
now back to the bar stool with you please, the adults are having a conversation
actually the sad thing is that RTE will probably try and spin it this way tonight too. This country sickens me at times.
i see MM FF has been successfully lobotomised!
"To robbery, slaughter, plunder, they give the lying name of empire; they make a desert and call it peace." Galgacus (from Tacitus)
Huge Deficit, Which is not sustainable.
If the government makes targeted Cuts seperating what the state needs and what it can afford. This will sadly mean alot of pain for alot of people but the government are just going to have to do it, There is really no choice, we cannot say yes cuts are needed but make sure they dont effect me.
'A defeatist attitude now would surely lead to defeat, it primarly a question of whether we have confidence in ourselves and the dilligence and determination of our people,We can't opt out of the future.' Sean Lemass (1965)
This is a mess.
They tranferred 3 billion to the national pension reserve (presumably to fund the 3.5 billion to BoI) - the usual transfer is just under 400 million.
You need to strip that out to understand the figures.
Spending and revenue are very close to the revised projections issued for 2009 at the end of April.
Cumulative Revenue is now 21% of 2008 (was 22.1% to the end of April).
Conclusion - as predicted.
Still fkcuing awful.
There are times when you are simply required to be impolite. There are times when condescension is called for!
- Aaron Sorkin writing as President Bartlet to Obama, NYT 21/09/2008
You can't build a smart economy based on dumb decisions.
- Richard Bruton 18/12/2008
simmer down chaps. . . You need to understand the numbers. . . .Most of you dont. . . .
correct
but watch them spin, spin, spin tonight
count the number of times the phrase 'bottoming out' is used by FF stooges. It will truly amaze you.
so walk us through them please. If you can
Statement by the Department of Finance.
End May Exchequer Returns
The Minister for Finance, Mr. Brian Lenihan T.D., today noted the end-May Exchequer Returns and stated:
“The end-May Exchequer returns shows that tax revenues are broadly in line with my Department projections for this part of the year. Stabilising the Exchequer finances is essential for our overall economic recovery. We are now starting to see the benefits of this approach.
The Government is prioritising the protection of our economy and jobs. As the global economy recovers, conditions for business will improve and a return of consumer confidence can be expected. By stabilising the public finances, investors and consumers will be able to invest and spend with a greater degree of confidence about future Irish prospects.
As I have said on a number of occasions since the Supplementary Budget, the scope for further income tax increases is limited. Therefore, as set out in the Supplementary Budget and as I have said on a number of occasions since, the majority of the future budgetary adjustment will have to be borne on the spending side of the Government account.”
The Minister notes that tax revenue to the end of May is in line with the profile published after the Supplementary Budget. The year-on-year decrease in taxation has improved from an end-April decrease of 24% to an end-May decrease of 21%. While the rate of decline has flattened out, it must be acknowledged that there are significant targets to be reached in the months ahead. The Supplementary Budget forecast that tax receipts would total €34.4 billion in 2009 and at end-May 39% of this annual target for taxes had been received.
Expenditure on public services so far this year is progressing as expected with the main pressures being in the health and social welfare areas, where the Government is prioritising resources to those who are most in need.
3 June, 2009
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explain to us plebs then please
be careful not to use too many big words
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