So ahead of a probable election spending increases are on the table, instead of getting into surplus to pay down some of the Sovereign debt while the sun shines.
10% increase in PAYE tax take, suggests either 5-10% pay increases, or 10%, maybe more in employment and paying higher tax than 1 year ago. Or most probably a combination of both. If PAYE tax increases by 10% year on year this somewhat justifies 10% increases in housing costs, through the higher demand.
My employer probably shelled out €10m in bonuses in the last month (not all to me sadly) up maybe 20% on last year, ~50% of this goes to the exchequer so that’s 1 of the 300 from just one employer without hiring a single extra person or raising anyone’s salary. Some would have bought stock with it but PRSI and USC is still due.
Nice one. We could short circuit things madly, on the back of a fag box, and suppose govt revenues and accomodation prices are correlated with bonus payments, which in turn are a function of global stock indices. Which some might argue are firmly in bubble territory.
An on-call consultant paid more than €14k for one week’s work at Cork University Hospital, and a €25k monthly payment for radiology services at Bantry General Hospital
& more irishexaminer.com/breakingn … 55973.html
Here’s an excellent paper on Irish health expenditure. Jenny O’Connor in the Department of Public Expenditure deserves credit because the HSE couldn’t spare anyone of their 110,000 staff to look at what they’re spending
Some inconvenient truths here:
Health expenditure has been rising rapidly for five years, staff recruitment is at record levels, medical card numbers are declining, high cost drug costs and legal claim costs are exploding (thanks again, Vicky Phelan).
It makes perfect sense for the HSE. The government is trying to control HSE spending so the HSE makes cuts to home care packages knowing that will have our public representatives will be howling for more funding.