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Sinn Féin will oppose any increases in stealth taxes in Wednesday’s Budget – Morgan

3 December, 2007


Speaking ahead of Wednesday's Budget Sinn Féin TD and Economic Spokesperson Arthur Morgan today said Sinn Féin will oppose any increases in stealth taxes in Wednesday's Budget. Morgan also said that that government must begin to deliver real value for money when it comes to public spending and any increase in the use of PPPs that would be would be opposed on the basis that they do not deliver value for money in the medium to long term.

Deputy Morgan said:

"Figures outlined in the 2008 Estimates of Receipts and Expenditure details a €1.75 billion tax take shortfall. Sinn Féin will not abide any attempts by the Government to address this shortfall in the tax take by increasing stealth taxes and charges (for public services) as have been hinted at from some quarters. This would be totally unacceptable and would increase the burden on low and middle income earners. Sinn Féin will oppose any such measures in Budget 2008.

"The Government needs to deliver real value for money. To date its record is particularly poor - Fianna Fáil in government has a bad record of money management and its management of public spending over the last decade has been characterised by wastage, misuse and bad decisions. There is some indications that with the tightening finances the Minister for Finance Brian Cowen is considering increasing the use of Public Private Partnerships (PPPs) as part of the forthcoming. Budget. PPPs do not deliver value for money in the medium to long term. Sinn Féin will oppose any move to increase the use of PPPs to deliver capital projects. If borrowing is necessary to ensure timely delivery of key capital projects this is what should be done - there can be no excuse for increasing the use of PPPs which deliver no value for money." CRÍOCH

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