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Thread: Detailed Government Accounts

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    Politics.ie Member Dreaded_Estate's Avatar
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    Default Detailed Government Accounts

    Aidan Kane from NUIG has published a fasacanting set of data from the CSO showing a detailed breakdown of the real level of local and central expenditure and revenues before the figures are netted down for PRSI etc.

    http://www.irisheconomy.ie/index.php...c-finance-data

    The headlines figure for me are

    - total state expenditure in 2009 was €75bn or 57% of GNP (Probably one of the highest in the OECD)

    - total state revenue in 2009 was €52bnbn or just under 40% of GNP.




    Also interesting that total receipts has been fairly constant at 40% of GNP since 2005 at 40% of GNP


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    Politics.ie Member Dreaded_Estate's Avatar
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    Hugh Sheehy has created a really good spreadsheet with graphs of most of the data.

    https://spreadsheets.google.com/ccc?...YE&hl=en#gid=9






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    on the spending side clearly Health, Welfare and Social welfare has gone up from approx 31bn in 2005 to 35bn in 2009

    now clearly the increase in SW is explained by the increase in unemployment however have the quality of Health and education gone up since 2005

    i don't think so

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    Thanks D_E.

    Social welfare and security stands out - up from 13 bn to 22 bn, rising in fairly even steps over each of the four years from 2005 to 2009.

    PS - just see TOD's post: the rise in SW is not in step with the rise in unemployment afaics
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

  5. #5

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    Excellent stuff Dreaded Estate.

    Not to be one to defend the government, but their total expenditure expressed by GNP is a bit unfair as GNP is value added. In 2007 the total output of Ireland was €400 Billion, so seeing that we have had about 20% to 30% contraction since then total output is in the region of €280 to €320 Billion. So €75 Billion of total government expenditure is about 25% of the total economy. Also I think that €75 Billion includes bank capitalisations.

    Its still outrageously high though.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Another problem is that a lot of the Social Security and Welfare, came out of the Social Insurance Fund, which accrued nicely over the past 20 years as we transfered our PRSI contributions to it. Earlier in the year it went into the red. Now the exchequer has to foot the bill for all Social security needs.

    I wonder how it went into the red as when you think about personally how much of your own PRSI contributins would have you used up since you entered the work force?
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Child benefit and pension increases
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    Politics.ie Member Dreaded_Estate's Avatar
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    Quote Originally Posted by Cassandra Syndrome View Post
    Excellent stuff Dreaded Estate.

    Not to be one to defend the government, but their total expenditure expressed by GNP is a bit unfair as GNP is value added. In 2007 the total output of Ireland was €400 Billion, so seeing that we have had about 20% to 30% contraction since then total output is in the region of €280 to €320 Billion. So €75 Billion of total government expenditure is about 25% of the total economy. Also I think that €75 Billion includes bank capitalisations.

    Its still outrageously high though.
    Isn't expressing spending as a proportion of GNP/GDP the usual comparison.

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    Quote Originally Posted by Dreaded_Estate View Post
    Isn't expressing spending as a proportion of GNP/GDP the usual comparison.
    Depends on the mix. It is reasonable for comparison with other countries. But it depends on how labour intensive their industries are. A purely service and retail economy would have high value added sectors, whereas a capital intensive manufacturing economy would have low value added.
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Bump

    Mrs O'Rourke was looking for numbers. Here are some numbers.
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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