NERI argues for €800 million adjustment
The tenth Quarterly Economic Observer from the Nevin Economic Research Institute was launched on Wednesday (25th June).
The Institute projected a budget deficit of 2.5% of GDP on the basis of the investment stimulus combined with a net adjustment of €800 million.
- 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
You may download the Quarterly Economic Observer here: http://www.nerinstitute.net/research/QEO_Summer2014/
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