“How unrealistic they are remains unclear..”

Economist John Simpson has been saying this for some time, as I noted yesterday, and now another economist, Richard Ramsey of the Ulster Bank, is saying the same thing

However [Mr Ramsey] said that from an Northern Ireland perspective, there was “less transparency regarding the current condition of the Executive’s public finances.” He warned that latest multi-year budget projections contained in the Programme for Government which were presented at the start of last year were “no longer realistic.” He said: “How unrealistic they are remains unclear. While the scale of deterioration in Northern Ireland’s public finances is nowhere near the severity of that being experienced in the Republic, from a Northern Ireland perspective it is still significant.”

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