Exchequer Returns for May : Deficit now 10b

[MM FF]

i would actually say bottomed out rather than bottoming out at this stage. Poor old Digout - he will have nothing to moan about soon !

[Outlander]

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.

The only "bottoming out" evident is the sight of governmental arses hanging out!

[zakalwe1]

and you do?

what qualifies you to understand the numbers? apart for FF membership?

[PhoenixIreland]

Would a supertax on every FF member, every member of a public sector union and everyone who engaged in property speculation be enough to plug that gap?...say 70% on every euro they have?

[Likely Lad]

In light of today's fantastic exchequer figures where Ireland is still borrowing money left right and centre, the soft landing in this unprecedented international recession that has nothing to do the bricks and mortar economy we created has finally bottomed out. The green shoots have arrived and the fundamentals of the Irish economy are strong again thanks to the tough decisions our messiahs Cowen and Lenihan have taken.

Hooray, I'm going to go out and vote Fianna Fáil no. 1 and 2 on Friday and buy myself a 300k shoebox in Roscommon paid for by my €204.30 social welfare every week. Thanks Brians.

[BodyofEvidence]

tax is down (y-o-y) from 17b to 13b, a fall of 24%

.
Expenses are up , albeit marginally, at 19b.
breakdown is as follows (as % of same period last year).


As pct of last year


Customs 0.7563
Excise 0.7453
Capital Gains Tax 0.3143
Capital Acquisitions Tax 0.7448
Stamps 0.3653
Income Tax 0.9313
Corporation Tax 0.8391
Value-Added-Tax 0.7879

Training & Employment Levy 2.2042
Unallocated Tax Receipts 0.5301
Total 0.7902


Expenditure
Agriculture & Food 1.6055
Arts, Sport & Tourism 0.8904
Communications, Marine & Natural Resources 0.6530
Community, Rural & Gaeltacht Affairs 0.8922
Defence 0.9178
Education & Science 1.0016
Enterprise, Trade & Employment 0.9580
Environment, Heritage & Local Government 1.0294
Finance Group 0.9404
Foreign Affairs 0.7763
Health & Children 1.0296
Justice Group 0.9475
Social & Family Affairs 1.1275
Taoiseach's Group (incl Legal Votes 0.9834
Transport 0.9575
Total 1.0286

[HarshBuzz]

i would actually say bottomed out rather than bottoming out at this stage. Poor old Digout - he will have nothing to moan about soon !

really? that's great news!

does this mean that the deficit will begin reducing from end June onwards? why?

does this mean that unemployment numbers will start falling now? why?

[Supermanpolitician]

really? that's great news!

does this mean that the deficit will begin reducing from end June onwards? why?

does this mean that unemployment numbers will start falling now? why?

No and no. It means that the deficit will continue getting bigger, but at a slower rate.

[An Gilladaker]

Would a supertax on every FF member, every member of a public sector union and everyone who engaged in property speculation be enough to plug that gap?...say 70% on every euro they have?

Are you suggesting a dig out from FFrs not a chance

[b.a. baracus]

really? that's great news!

does this mean that the deficit will begin reducing from end June onwards? why?

does this mean that unemployment numbers will start falling now? why?

Ignore MM-FF - he/she is a troll who will not debate any political issues. I actually think he/she is an FG double agent as nobody can really be that thick.