The notion that the Government will have at its disposal a cumulative budget surplus of €65 billion over the next four years is problematic when the State suffers from such a chronic deficit in public services
For extra spice, throw in the fact that we’re going into a hotly contested budgetary cycle and, potentially, an election year.
Despite repeated warnings that it is volatile, fed almost exclusively by 10 large firms and likely to fall away on a whim, it keeps laying diamond-encrusted Fabergé eggs. Perhaps this is understandable as it is packed away in the Central Statistic Office’s latest industrial production numbers, not something that would typically hold people’s attentions.
According to the same sources, the increase was driven almost entirely by Apple manufacturing iPhones in China. While the three firms are not named, we know the first name on the list is Apple probably followed by Microsoft probably followed by Pfizer, Intel or Google.
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