Prebudget Outlook – Ireland’s public spending to top 55% of GNP

The Department of Finance has released it’s pre-budget outlook. A back of the envelope calculation puts spending as a proportion of GNP at a whopping 55.3%. Higher than earlier estimates by Ronan Lyons and Goodbody StockBrokers.

Calculations –

GNP – €138.3bn – based on last years GNP of €154.5bn * 10.5% drop reported in pre-budget submission


Gross Current Expenditure = €61,234
Gross Capital Expenditure = €15,169

Total = €76.4bn

Per cent of GNP = 55.3%

Links –

Pre-budget Outlook
Goodbody report on spending
Ronan Lyons on Spending

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