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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Thu Apr 05, 2018 11:18 am 
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Holiday Home Owner

Joined: Sep 9, 2017
Posts: 336
This article was written a little cryptically for RTE's audience. Like something from the old game show 3-2-1.

https://www.rte.ie/news/business/2018/0404/952146-exchequer-tax-revenue/

Quote:
Net voted spending in the first quarter was €11.2 billion - some 2.4% or €272m - below target.

The Exchequer recorded a deficit in the first quarter of €1.1 billion, compared with a deficit of €903 million in the same period a year ago.

The worsening of the Exchequer deficit was due to an increase in Government spending.


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.

Quote:
The Department of Finance says the shortfall is due to lower-than-expected payments by the self employed and from taxation of unearned income. PAYE Income Tax is on target and, compared with a year ago, has shown growth of 10%, or €300m.

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.

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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Thu Apr 05, 2018 12:25 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2126
Progressive nature of Irish tax system makes the tax take non- linear.

Small increases in income of those at the higher rate has a disportional effect on the tax take.


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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Thu Apr 05, 2018 1:43 pm 
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Old Time Landlord

Joined: Jan 31, 2007
Posts: 378
Location: Middle Earth
Luan wrote:
Progressive nature of Irish tax system makes the tax take non- linear.

Small increases in income of those at the higher rate has a disportional effect on the tax take.


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.


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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Thu Apr 05, 2018 3:14 pm 
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Holiday Home Owner

Joined: Sep 9, 2017
Posts: 336
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.

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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Tue Apr 24, 2018 9:21 am 
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HSE deficit set to reach close to €100m for first quarter

https://www.irishtimes.com/news/ireland ... -1.3471712


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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Tue Apr 24, 2018 10:33 am 
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Too Big to Fail
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TheJackal wrote:
HSE deficit set to reach close to €100m for first quarter

https://www.irishtimes.com/news/ireland ... -1.3471712


First line of article

"There are growing concerns within Government that spending in the health service is out of control."

Patently obvious to anyone with half a brain for the last decade.

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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Tue Apr 24, 2018 5:20 pm 
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Posts: 23261
NegativeEquity wrote:
TheJackal wrote:
HSE deficit set to reach close to €100m for first quarter

https://www.irishtimes.com/news/ireland ... -1.3471712


First line of article

"There are growing concerns within Government that spending in the health service is out of control."

Patently obvious to anyone with half a brain for the last decade.


An Apple A Day will sort this out. 8)

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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Tue Jun 26, 2018 8:57 am 
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HSE may record deficit of €200m-€300m for first half of the year

https://www.irishtimes.com/news/ireland ... -1.3543455

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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Tue Jun 26, 2018 9:44 am 
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NegativeEquity wrote:
HSE may record deficit of €200m-€300m for first half of the year

https://www.irishtimes.com/news/ireland ... -1.3543455


Finance have made it way harder to find the monthly figures. Finally got them here

https://www.per.gov.ie/en/exchequer-statements/

By end May-18
Health were +66m over their Net Voted Expenditure budget
Justice were +30m


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 Post subject: Re: Health and Social Budget overruns - making the rest moot
PostPosted: Wed Jul 18, 2018 8:11 am 
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Too Big to Fail

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Location: Cathair na dTreabh
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
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https://www.irishexaminer.com/breakingn ... 55973.html


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