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Time for open and transparent budgetary process – Morgan

20 July, 2010


Sinn Féin Finance Spokesperson Arthur Morgan has called for the creation of an open and transparent budgetary process which is inclusive of all parties. Deputy Morgan was speaking today in advance of the Government Cabinet meeting to discuss how to cut €3billion from the budget.

He said economic analysis has been dominated by failings of Government policy and it is now times for full public disclosure on the budgetary process.

Deputy Morgan said:

“The Government are creating a black hole in the public finances with bank bailouts and are trying to fill it in by making unjust and socially crippling cuts to ordinary people. Economic analysis has been dominated by the failings of Government policy, especially in respect of the banking sector, and now it is time for full public disclosure on the budgetary process.

“I am calling on the Government here today to create an open and transparent budgetary process, inclusive of all parties. There has been a manifest failure on the Government’s behalf in terms of the economy and it is now time for the Government to create a dialogue with the opposition and others to create a budget that is right for the people of this State.

“While billions of euro is being pumped mercilessly into the banks at the drop of a hat, citizens across this State have been told to gear up for another crippling austerity budget that will obliterate what is left of our public services. This will not lead to economic recovery.

“Policy making needs to take place at the heart of key public bodies and budgetary deliberations need to be open to all sides of the Oireachtas. There needs to be discourse and exchanges of ideas between all parties in advance of the Budget and the Government needs to make sure that each stage of the process is transparent.

“It is imperative that the Government and the Minister for Finance create a working engagement with opposition parties on the Budget. The Government has no credibility in terms of the economy and yesterday’s credit rating downgrade is proof. Only an open, transparent and consultative budgetary process can be credible and it is the only chance of Budget 2011 delivering economic recovery.” ENDS

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