Government has squandered the recovery – Pearse Doherty TD
Responding to the publication of the Summer Economic Statement today Sinn Féin Finance spokesperson Pearse Doherty has said the government has squandered the recovery and allowed hundreds of millions of taxpayers’ funds to leak into the pockets of bankers, vultures and property investment funds.
Teachta Doherty said according to the government’s figures there will be no money in the budget to begin tackling the crises in our public services.
“The government is saying it will have €700 million to spend in the upcoming budget after public sector pay increases are taken into account.
“But this doesn’t take account of the Christmas Bonus or the health overrun which will immediately wipe out that €700 million leaving nothing to begin the process of tackling the crises in our public services.
“The government has failed to take account of the criticisms of both the Fiscal Advisory Council our the ESRI both of whom said the spending and revenue projections of the government are ‘not credible.’
“Yet the government is standing by its commitment to provide a €3billion tax cut to the top 20% of earners. This is simply not realistic.
“The reality is that the government has squandered the recovery and allowed hundreds of millions of taxpayers’ funds to leak into the pockets of bankers, vultures and property investment funds.
“We urgently need a plan to get our tax base back on to a sustainable footing to ensure that we have the revenue needed going forward to deal with the housing crisis, the health crisis and to provide our citizens with a sustainable living standard.”