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Budget

The full document containing details of Ireland's Budget for 2012 which were leaked by the Gernamn Parliament may now be read here.  These documents were provided by the Irish Government to the EU Commission on a confidential basis. Of particular interest is the Memorandum of Economic and Financial Policies contained in this document.

The EU Autumn Economic Forecast makes stark reading for Ireland and poses serious questions about Government’s reliance on exports as the basis of Ireland’s recovery.  It also calls into doubt the basis on which Budget 2012 is being developed.

Social Justice Ireland believes a fairer future is possible and deliverable. It is crucial however that Government’s decisions and the terms of the bailout agreement with the IMF/ECB/EC should be focused on delivering such an outcome. These were key fundamentals for Budget 2012 presented to the Joint Oireachtas Committee on Finance, Public Expenditure and Reform by Social Justice Ireland on November 2, 2011.

The Community & Voluntary Pillar has said that the fiscal adjustment in 2012 and beyond should be achieved in a 2:1 ratio between tax increases and expenditure cuts. The Pillar made its comments at a briefing for media and members of the Oireachtas on their latest document, Choosing a Viable Future in Precarious Times.

Document can be downloaded form here

The ‘troika’ has been told that the reduction in Ireland’s borrowing in 2012 and subsequent years should be achieved by increasing taxation (but not income tax) by €2 for every €1 reduction in funding of public services.

Social Justice Ireland shows ‘Troika how poor and vulnerable people can be protected in Budget 2012 and beyond

The ‘troika’ has been told that the reduction in Ireland’s borrowing in 2012 and subsequent years should be achieved by increasing taxation (but not income tax) by €2 for every €1 reduction in funding of public services.

Government should introduce a student loan scheme for 3rd level students in Budget 2012. There are strong arguments from an equity perspective that those who benefit from higher education, and who can afford to contribute to the costs of their higher education, should do so.

Social Justice Ireland published (October 4, 2011) a fully-costed set of Budget Proposals as part of its Policy Briefing on Budget Choices.  These proposals show how Government could r

Social Justice Ireland is proposing that Government should increase the total tax-take (but not income tax) by €2 for every €1 cut from public services in Budget 2012.

In a Policy Briefing oulining ‘Budget Choices’ Social Justice Ireland presented a fully-costed Budget which shows how Government could reduce borrowing by €3.6bn in the coming year without damaging poor and vulnerable people further.

Social Justice Ireland's 2012 Pre-Budget Submission of DOCHAS, the organisation of Irish development NGOs.

Ireland’s Overseas Development Assistance Budget set to fall for the fourth year in a row

Ireland is heading for the fourth year in a row in which its Overseas Development Assistance (ODA) Budget will fall as a percentage of Gross National Product. According to the annual report of Irish Aid just published, in 2010 Ireland’s Overseas Development Assistance (ODA) budget as a percentage of Gross National Product fell for the third year in a row.

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