Responding to the SDLP’s proposals, in the Belfast Telegraph economist John Simpson restates his alternative artistic vision of the economy and, in particular, the NI Executive’s three-year
budget spending plan.
To maintain that the 2009-10 Budget should not be restated is, effectively, a deception since, whether by default, it has changed. The surprise is that the First Minister, deputy First Minister and Minister of Finance have tried to sustain unrealistic assumptions. A restatement of the financial allocations, current and capital, alongside a clear statement of the revenue expected that will balance the books is needed. The SDLP has demonstrated that significant budget variations would be possible, if the Executive could reach agreement.