NERI argues for €800 million adjustment
Date Released: 25 June 2014
The tenth Quarterly Economic Observer from the Nevin Economic Research Institute is launched today.
- A €800 million net fiscal adjustment taking account of carry over under HRA and lower public spending arising from water charges.
- €400 million in additional taxes on capital plus employer PRSI and higher income taxes at the top end through a reduction in tax expenditures
- An emergency social fund to begin to address social housing and other critical areas (€400 million)
- An investment stimulus of €1 billion
We project a budget deficit of 2.5% of GDP on the basis of the investment stimulus combined with a net adjustment of €800 million.
You may download the Quarterly here: http://www.nerinstitute.net/research/QEO_Summer2014/