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Government gets Tax take estimates wrong (again)

Daithinski · 2009-05-05 16:31:03

Shock! Horror! The goverment tax take is down (so far) by 24% this year. The geniuses in the dept of finance predicted a 16% drop for the year. Presumably this 24% deficit will increase as unemployment creeps up and the vicious circle of job losses and declining sales bites deeper into the economy. I wonder if we will have…

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05-05-2009 5:31pm

#1

Daithinski

Closed Accounts Posts: 279 ✭✭

Join Date: November 2008

Posts: 261

Shock! Horror!

The goverment tax take is down (so far) by 24% this year.

The geniuses in the dept of finance predicted a 16% drop for the year.

Presumably this 24% deficit will increase as unemployment creeps up and the vicious circle of job losses and declining sales bites deeper into the economy.

I wonder if we will have another "emergency" budget.

Its high time these jokers threw in the towel.

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