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/
NERI argues for €800 million adjustment
