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Government has capacity to ease austerity budgets - Doherty

10 April, 2013 - by Pearse Doherty TD


Responding to the publication of the Fiscal Advisory Council's latest report, Sinn Fein finance spokesperson, Pearse Doherty TD said the report was another ringing endorsement of austerity by the Council, and takes no account of the impact of austerity on the real economy and people's lives.
Doherty said:
"The Fiscal Advisory Council is pro-austerity and it has argued continuously for additional austerity measures from this government, without any consideration of the impact of those measures on the real economy and people's lives.
"Today's report continues this trend. Despite the fact the Council states that the government's targets could be met with €1.6 billion less of taxes and cuts than planned, it still calls on the government to continue with its €3.1 billion and €2 billion adjustments in 2014 and 2015.
"Sinn Fein's approach to this crisis is fundamentally different. We believe austerity is strangling the economy. It has caused emigration, unemployment and poverty.
"On the back of this report the government must adjust its planned austerity packages next year and the following. It also needs to make sure its next budget contains measures that are fair and growth friendly and do not punish further ordinary households."
ends

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