Our government spent €3.9bn in January 2013 - a 7.2% increase on January 2012. This is current expenditure - nothing to do with the PN's or interest on debts. The tax take was up 3% on the same period. The government's decision to dump it's 2/3:1/3 spending cuts to tax increases promise is taking effect but it isn't working. The current account deficit rose from €513m in January 2012 to €679m in January 2013.
Spending in Joan Burton's department of Social Protection is out of control - 18% up on January 2012.
These figures represent the government's report card and they are failing badly. There are a couple of questions raised by these numbers:-
-Labour has lost 5 TD's due to a fairly tame implementation of austerity. What happens when this government runs out of road and has to start cutting deep?..and they will run out of road.
-Would the Troika be more willing to "help" us if our government showed greater willingness to manage those areas of public finance in which it is currently in full control?
-Do we really want to say goodbye to the Troika and let this government continue on its current path unsupervised?
-How long will FG backbenchers tolerate their party stumbling down the path of high tax and spend
-Do FF have anything to say on the rising deficit or are they content to cynically stick to the safe ground of attacking Labour and every minor cut this govt imposes?
Tax take, current spending rise in January - RTÉ News