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Thread: October Exchequer Returns are really bad!

  1. #1
    Politics.ie Member gijoe's Avatar
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    Default October Exchequer Returns are really bad!

    They have really turned sour. Analysts were expecting tax revenue to stay the about €300million ahead of profile that they were in September but instead they have turned in €100million below profile i.e. a €400million reversal in October - the most important tax month of the year. Both VAT and Income Tax have turned rapidly downwards having been ahead of profile all year. On the spending side both Health and Social Welfare are way out of step with Social Welfare spending about half a billion more than budgeted for.

    Final Exchequer Statement - October 2012 - Department of Finance - Government of Ireland

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    Quote Originally Posted by gijoe View Post
    They have really turned sour. Analysts were expecting tax revenue to stay the about €300million ahead of profile that they were in September but instead they have turned in €100million below profile i.e. a €400million reversal in October - the most important tax month of the year. Both VAT and Income Tax have turned rapidly downwards having been ahead of profile all year. On the spending side both Health and Social Welfare are way out of step with Social Welfare spending about half a billion more than budgeted for.

    Final Exchequer Statement - October 2012 - Department of Finance - Government of Ireland
    Well November is in fact the biggest month of the year.

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    Yet again expenditure is up.

    when are they ever going to reduce expenditure?

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    'about to turn the corner'.........were over the worst of it.......

    indeed......

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    Politics.ie Member libertarian-right's Avatar
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    Year on year, interest payments to the national debt has increased by over 1.8 billion, which is over 50% of the next budget austerity measures.

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    Politics.ie Member tigerben's Avatar
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    Oh , the Celtic come back turned back!

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    Politics.ie Member Spanner Island's Avatar
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    Quote Originally Posted by davoid View Post
    Yet again expenditure is up.

    when are they ever going to reduce expenditure?
    Not until all the blood in the middle Ireland stone runs dry...

  8. #8
    MrFunkyBoogaloo
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    Quote Originally Posted by gijoe View Post
    They have really turned sour. Analysts were expecting tax revenue to stay the about €300million ahead of profile that they were in September but instead they have turned in €100million below profile i.e. a €400million reversal in October - the most important tax month of the year. Both VAT and Income Tax have turned rapidly downwards having been ahead of profile all year. On the spending side both Health and Social Welfare are way out of step with Social Welfare spending about half a billion more than budgeted for.

    Final Exchequer Statement - October 2012 - Department of Finance - Government of Ireland
    Have just been reviewing the statement and was about to start a thread on it.

    I'm sure posters will be happy to know that over 8 billion has been spent on debt and banks this year.

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    Politics.ie Member commonman's Avatar
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    We will never get out of this mess, what bullsh1t story will they tell us on six1 this evening may be that the PAYE worker will have do more, with Quinn going to jail today may be there were trying to hide the bad news.

  10. #10
    Gimpanzee
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    So, anyone who can properly analyse this have anything to say on it yet?

    Normally these threads start off well (unless Cassie starts it) and then goes to pot after a page or two, but that's a success around here. This one is just useless.

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