tag:blogger.com,1999:blog-2826531655042170344.post145720774083900952..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: Austerity and ExpenditureSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2826531655042170344.post-37945699742076487022011-04-14T09:00:58.431+01:002011-04-14T09:00:58.431+01:00Seamus
"When it comes to voted expenditure......Seamus<br />"When it comes to voted expenditure....In 2011... Government expenditure in the economy is forecast to be €4.9 billion lower than it was in 2009. This is 3.2% of GDP. Of this reduction, €0.5 billion has been from current voted expenditure and €4.4 billion has been from the voted capital budget."<br />So 'day to day' spending is down 3.5% since 2008. I know that temporary staff have been let go etc.<br />I can only conclude that the serious snouts are still swilling from the trough.Unknownhttps://www.blogger.com/profile/10995917245117911600noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-10040923469171904442011-04-13T12:05:44.241+01:002011-04-13T12:05:44.241+01:00Thanks very much for that, very informative.
To g...Thanks very much for that, very informative.<br /><br />To get the figures in 'real' terms (for comparisons over years) what do you reckon is the best deflator to use? I'm a bit leery of CPI including as it does mortgage costs and tax changes.yoganmahewnoreply@blogger.com