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Posts in the "Investment" category

NERI Seminar: Assessing Funding Models for Water Services Provision

Posted on November 12, 2014 by Daragh McCarthy

Tom McDonnell NERI Seminar on Funding Water Services.png - Tom McDonnell speaking at the NERI seminar on funding water services
Tom McDonnell speaking at the NERI seminar on funding water services

The Institute hosted its November research seminar in INTO Learning Centre yesterday afternoon. Dr Tom McDonnell presented his recent working paper on funding models for water services provision.

Working on the premise of water charges being introduced, the paper recommends combining a volume based pricing structure with a system of income related water credits ensuring that a combination of water charges and low income does not become a barrier to vulnerable households accessing water and wastewater services. The working paper accompanying today's seminar is available here and a recent blog by Tom Healy on the subject water charges can be found here. Slides from the presentation can be accessed below:

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Permanent link | Categories: Government SpendingInvestmentTaxation

The workings of austerity

Posted on November 08, 2014

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

When, in November 2010, the President of the European Central Bank wrote to the then Irish Minister for Finance, he stated on behalf of the Governing Council of the ECB that the Irish Government undertake four specific actions. The first two included the following commitments: “1) The Irish government shall send a request for financial support to the Eurogroup; 2) The request shall include the commitment to undertake decisive actions in the areas of fiscal consolidation, structural reforms and financial sector restructuring, in agreement with the European Commission, the International Monetary Fund and the ECB.” 'With kind regards etc.'

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Permanent link | Categories: Government SpendingInvestmentMacroeconomicsTaxationWages

Thoughts on the funding of water services

Posted on November 05, 2014 by Tom McDonnell

Tom McDonnell profile

Next week the NERI will be holding a seminar on the topical issue of water charges (detail are here). In advance of the seminar, this blog provides some thoughts on funding water services in Ireland.

Access to clean and affordable water is a human right. Yet there is no such thing as free water. On an annual basis, the provision of water and wastewater services costs in excess of €1 billion. Water is difficult to transport and a consistent and secure supply of clean water is expensive to provide. Indeed the provision of water and waste water services requires the construction, maintenance, operation and improvement of expensive network infrastructure. The question isn’t ‘whether’ we should pay for water and wastewater services but ‘how’ we should pay for them.

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Permanent link | Categories: Government SpendingInequalityInvestment

Budget 2015: another regressive budget

Posted on October 24, 2014

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

Recently the Government in the Republic of Ireland unveiled its budget for the year 2015.  By European law the Budget is subject to approval  by the European Commission. Unlike a number of other European Union Member States it seems highly likely that the Budget will be approved. In the normal flow of events a Finance Bill will be enacted by the parliament or Dáil in Dublin before the end of this year.

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Permanent link | Categories: Government SpendingInequalityInvestmentTaxation

NERI Post Budget Seminar

Posted on October 23, 2014

Post Budget Seminar 2015 - NERI post Budget seminar
NERI post Budget seminar

The October NERI seminar took place yesterday afternoon in the INTO Learning Centre. Michelle Murphy (Social Justice Ireland), Cormac Staunton (TASC) and Michael Taft (UNITE) provided on overview of the impact of the Budget 2015 with a focus on changes to system of income tax and the prospects for economic growth and employment over the coming years. 


Response to Budget 2015

Links to the slides used by each presenter can be found here:

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Permanent link | Categories: Government SpendingIncomeInvestmentMacroeconomics

Budget 2015 and Public Investment in Social Housing

Posted on October 15, 2014 by Daragh McCarthy

Housing

There are over 90,000 people on the waiting list for social housing.  This level of demand for a basic need required a substantial investment in housing, and, in this regard, Budget 2015 was a significant first step. The headline investment of €2.2 billion over the coming three years to provide 10,000 social housing units will make a difference.

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Permanent link | Categories: Government SpendingInvestmentJobs

The case for investment in social housing

Posted on October 07, 2014 by Daragh McCarthy

Publication cover - Housing inBriefOct2014 - Ireland's Housing Crises
Ireland's Housing Crises

"Regeneration schemes”, we must never forget, are not just about plans, structures or budgets. They are not just about the physical houses provided. They are about communities that are enabled to thrive and flourish. They are about people who are being acknowledged and encouraged to develop a proud sense of their identity, to nurture feelings of belonging that empower them to shape their present circumstances and imagine their future.
President Michael D. Higgins (2014) Speech at the opening of the Thornton Heights Housing Scheme

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Permanent link | Categories: InequalityInvestment

Uncertainty and Economic Recovery

Posted on July 14, 2014 by Micheál Collins

Slowly, the Irish economy is recovering; very slowly! Over the weekend, I and other economists contributed to a journal.ie article (see here) on the two-speed nature of the recovery. While the exchequers finances are improving (lower unemployment, higher employment, some increased spending, expenditure cuts and new taxes) the impact on the ground is very different. For those returning to work there have been significant, overdue and welcome benefits from recovery while for those already working the challenges of continuing to absorb further austerity has not dissipated.

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Permanent link | Categories: Government SpendingInvestmentMacroeconomicsTaxation

Tábhacht Postanna, Pá, Tithe

Posted on June 03, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

An príomh rud atá in easnamh sa tír seo faoi láthair ná dóchas – dóchas atá bunaithe ar fhírinní agus ar fhéidireachtaí na sochaí.

Tá teipeadh le straitéis na déine san Eoraip. Tá an tuarascáil is nua ag an gcomissiún Eorpach  Ní thugann an cháipéis aon tuarthaí nua dóchas agus athrú bunúsach do phobal na hEorpa. Níl an ráiteas bunaithe ar na fíricí ó thaobh dí fhostaíocht, caiteachas cúrsaí sláinnte. Níl le hofráil ach níos mó den pholasaí atá ag déanamh scrios don Eoraip cheana féin. Luaigh siad caiteachas poiblí ar sláinnte – go bhfuil sé thar an mean don AE. Níl sé seo fíor mar tá an figiúr seo bunaithe are oll-Ioncaim náisiúnta cé n’úsáidtearr GDP nó OTI ag an gcomisiún I gcónaí chun comparáidí a dhéanamh.

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Permanent link | Categories: Government SpendingInvestmentTaxationWages

Jobs, Wages, Homes

Posted on May 30, 2014 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

Following 6 years of declining or stagnant living standards many people are wondering what the future holds. The gathering crisis of accommodation and social housing has caught many by surprise. While there has been a welcome pick up in employment and a very modest fall in unemployment these changes are tentative and it remains to be seen how fast we can move towards single-digit unemployment figures. Under-employment, unemployment, precariousness and poor-quality work experience are widespread and they impact on young people in particular.

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Permanent link | Categories: Government SpendingInvestmentJobsTaxationWages

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