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Thread: Notes from the DOF's Briefs

  1. #1
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    Default Notes from the DOF's Briefs

    Noonan: Adjustment will be over €7.5bn - RT News

    Deputy Burton said following her morning briefing that the figures presented were 'very challenging'.
    Fine Gael Finance Spokesman Michael Noonan has said the adjustment required in the Government's four year plan will be 'significantly higher' than the 7.5bn figure previously mentioned.
    Labour: Dept books reveal 'very challenging' figures | BreakingNews.ie

    Officials at the Department told Labour's Joan Burton that they are concerned about lower than expected income tax returns for the months ahead.

    I don't suppose anyone will be surprised when they find out that the holes in the DOF's briefs are beyond darning.

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    Higher than 7.5bn previously mentioned??

    When was this figure mentioned?

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    Croke Park deal in the bin I would imagine.

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    Politics.ie Member LDF's Avatar
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    Quote Originally Posted by Indiansign View Post
    Higher than 7.5bn previously mentioned??

    When was this figure mentioned?
    The 7.5bn was previously mentioned as the four year adjustment.

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    Quote Originally Posted by LDF View Post
    The 7.5bn was previously mentioned as the four year adjustment.
    If that's true, then I'd shake on that deal right now.

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    Politics.ie Member nonpartyboy's Avatar
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    When do the citizens get told the numbers I wonder !. Great little country.

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    Quote Originally Posted by polcol2 View Post
    Croke Park deal in the bin I would imagine.
    Why ?

    Bord Snip 3.5 billion
    Abolish tax reliefs 2.5 billion
    Capital programme 1.5 billion

    = 7.5 billion this year alone !

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    Politics.ie Member LDF's Avatar
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    Quote Originally Posted by Indiansign View Post
    If that's true, then I'd shake on that deal right now.
    It's a redundant number just like the 3bn adjustment for 2011 is a redundant number.

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    Quote Originally Posted by polcol2 View Post
    Croke Park deal in the bin I would imagine.
    If that happens it will cost the State money... not save it.

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    It's a big cut to make, but they'd want to get the specific cuts right. Me thinks they'll leave public sectors be, and cut those on welfare, and impose taxes on low earners, to pay for the public sector. That will backfire. People won't stick around Ireland, earning peanuts to pay for a public sector elite.

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