tag:blogger.com,1999:blog-2826531655042170344.post5327274201568287867..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: Quarterly Financial AccountsSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2826531655042170344.post-68185120342204803932011-06-08T14:14:37.623+01:002011-06-08T14:14:37.623+01:00UPDATE: We should also €2 billion for the public s...UPDATE: We should also €2 billion for the public sector pension bill that would be included as Other Transfers. The figures used in the above comment can be seen in this post:<a href="http://economic-incentives.blogspot.com/2010/10/household-income-spending-and-savings.html" rel="nofollow"> Household Income, Spending and Saving</a><br /><br />It is also true that some self-employed and private income actually comes from the State through State contracts and other processes.<br /><br />It is probably that 50% of household disposable income comes from the State. This is an interesting thought.Seamus Coffeynoreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-61637722269546333082011-06-08T14:09:16.756+01:002011-06-08T14:09:16.756+01:00We don't have 2010 data yet but in 2009 total ...We don't have 2010 data yet but in 2009 total household wages were €72.8 billion. The public sector pay bill was around €18 billion so about a quarter of wages income comes from the public sector.<br /><br />Adding other income (self employed earnings, properaty income) and then subtracting taxes and adding transfer payments mean that household disposable income was €89.6 billion in 2009.<br /><br />Public sector pay provided whatever net amount was left from the €18 billion gross pay. I have to guess but would say something around €13 billion. Social transfers to households came to €26.3 billion.<br /><br />This means that from household disposable income of €90 billion, nearly €40 billion will have come from the State either through public sector wages or transfer payments.<br /><br />45% of household spending power (or loan repayment ability as is the case here) comes from the State.Seamus Coffeynoreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-18520314883166700852011-05-19T19:02:43.279+01:002011-05-19T19:02:43.279+01:00What percentage of the economy do you think is bei...What percentage of the economy do you think is being paid by the public and private sector Seaums?Dreaded_Estatehttp://www.irishpropertywatch.comnoreply@blogger.com