tag:blogger.com,1999:blog-2826531655042170344.post2498651911433091523..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: Expenditure in the Exchequer StatementsSeamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2826531655042170344.post-4714390504577309672012-01-06T01:08:11.384+00:002012-01-06T01:08:11.384+00:00@ Eamonn
There's a bit more to go on the bank...@ Eamonn<br /><br />There's a bit more to go on the bank recaps I'm afraid. After the stalling of the sale of Irish Life, IL&P needs another €1.3 billion. We will still have the profitable Irish Life arm so this is not all bad but it does consume scarce cash resources.<br /><br />The credit union sector is in meltdown. €250 million was provided as a "loan" this year. If losses here are anything like the banking system up to four times this amount could be required. The credit union sector has lots of problems. One big one is the emigration of people who have taken out credit union loans. They don't know where they've gone!Seamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-66931788146934956072012-01-05T16:24:51.078+00:002012-01-05T16:24:51.078+00:00Seamus Just read your excellent but depressing pos...Seamus Just read your excellent but depressing post from yesterday. It answered my question re the increase in income tax. The increase in income tax of 2.5% was the main headline on the 6 one news last night. The fact its is almost entirely down to reclassification was not mention.eamonnmoranhttps://www.blogger.com/profile/18384511877299598757noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-80988431760684936822012-01-05T15:55:23.446+00:002012-01-05T15:55:23.446+00:00sorry left out some words in one sentance.
why was...sorry left out some words in one sentance.<br />why was it standard practice that the health levy was measured.eamonnmoranhttps://www.blogger.com/profile/18384511877299598757noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-12804380777179441642012-01-05T15:53:10.544+00:002012-01-05T15:53:10.544+00:00Hi Seamus Happy new year.
Thanks for the clarifica...Hi Seamus Happy new year.<br />Thanks for the clarification on the dept of health spending increase.<br /><br />Why was it standard practice measured as a receipt and subtracted from health spending. Surely it makes more sense for it to be measured as an income as it now is.<br />So is the main part of the increase in tax receipts down to the health levy now being measured as part of USC? <br />I remember Karl Whelan also complaining about this exchequer balance methodology before saying the numbers we send to Europe of taking in 50 and spending 70 are more accurate.<br />One last question if I may.<br />Are there any more bank recaps planned for this year or was last years 7 billion hopefully the last?eamonnmoranhttps://www.blogger.com/profile/18384511877299598757noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-59080884117449045092012-01-05T12:46:18.902+00:002012-01-05T12:46:18.902+00:00Hi Jagdip,
Many happy returns.
The 2011 figures ...Hi Jagdip,<br /><br />Many happy returns.<br /><br />The 2011 figures in the DoPE&R Databank are still provisional and not the final outturn. I'm not sure when the figures are updated with the actual outcomes. The 2011 figures are taken from the <a href="http://per.gov.ie/wp-content/uploads/2011-REV.pdf" rel="nofollow">Revised Estimates of Public Expenditure</a> that was published in July. While I would not expect significant deviation I should have made the point that these are not final figures in the original post.<br /><br />The annual profile of tax revenue and net expenditure is usually released with the January Exchequer Statement so we can expect the 2012 versions sometime in the first week of February.Seamushttps://www.blogger.com/profile/15679299530222667673noreply@blogger.comtag:blogger.com,1999:blog-2826531655042170344.post-57840266361979523612012-01-05T12:11:51.598+00:002012-01-05T12:11:51.598+00:00A Happy New Year to your Seamus!
Thanks for the b...A Happy New Year to your Seamus!<br /><br />Thanks for the blogpost above, I didn't know the Databank was updated so quickly.<br /><br />Do you know where the monthly profile of 2012 Exchequer receipts and payments is held. DoF just produce the current and prior YTD which makes monthly analysis very difficult.Jagdip Singhhttp://namawinelake.wordpress.comnoreply@blogger.com