Jim Power: Budget countdown begins with big promises
Tánaiste Simon Harris and Taoiseach Micheál Martin at last week's launch of the Government's summer economic statement and the National Development Plan for the next five years. Picture: Carla Feric/PA
The publication of the summer economic statement has set the budgetary process in motion, and the destination will be reached in early October. The two relevant ministers have outlined a budget package of €9.4bn, with a net tax package of €1.5bn, and an expenditure package of €7.9bn.
This expenditure package will be comprised of current expenditure increases of €5.9bn or almost 75% of the total; and capital spending of €2bn or just over 25% of the total.
