Reason 16: We’re a Low-Low Spend Economy
Despite the rhetoric of Government Ministers, right-wing commentators and business interests, Ireland does not spend too much. We’re a low-low spend economy compared to our EU partners.
We spend well below the average of other EU-15 countries. And that’s when we exclude interest payments and expenditure on old age (because Ireland has a much smaller elderly population all other EU countries). We spend so little that:
- To reach the average other EU-15 countries we’d have to spend €10 billion more a year
- To reach the average of other EU-15 countries not in bailout we’d have to spend €16 billion more a year
- And to reach the average of countries with economies similar to our own, we’d have to spend an incredible €27 billion more a year
The Government is down-sizing an already diminished public sector.
Why should we march? Because we need to stop cutting and start growing. And start spending to help us grow.
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