Sir, – It was disappointing to read Minister for Finance Michael McGrath signalling that the Government will not generate €65 billion in budgetary surpluses out to 2026 (News, September 28th).
As a result of the original overstated forecasts, so much effort has now been wasted by all the political parties, tripping over each other, with plans as to how they would blow, or should I say spend, a pot of money that has never existed.
Maybe they should spend some time working out how the national debt of approximately €225 billion could “be scaled back”.
Unlike the disappearing surpluses, it is real. – Yours, etc,
READ MORE
Why the German economy has gone from Europe’s engine to its anchor
Seán Moncrieff: I hate being sick but I’ve a fear of visiting any doctor. I’m not alone in this
Domhnall Gleeson on nepo babies: ‘I’ve been so lucky. It’s important you can acknowledge it. Otherwise you’re lying to yourself’
Manchán Magan: The deeper you dive into Icelandic culture, the more of Ireland you find
BRIAN CULLEN,
Rathfarnham,
Dublin 16.
