John FitzGerland: Parties’ general election manifestos struggle to make the figures add up

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John FitzGerland: Parties’ general election manifestos struggle to make the figures add up
Fianna-FailFine-GaelSinn-Fein
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Missing aggregate cost figures for all of any political party’s promises would highlight the gap between ambition and prudence

Taoiseach Simon Harris on a canvass: no party feels it possible to keep manifesto promises within the range of net expenditure suggested by budgetary watchdog. Photograph: Chris Maddaloni

Most of our corporation tax revenue, amounting to 6 or 7 per cent of national income, comes from US multinationals located here. They provide 8 per cent of our jobs. Spending our current revenue bonanza could be very foolish if US tax and tariff policies change dramatically. Voters might be wise to pick the parties with the fewest giveaways, not those promising the most.

All parties acknowledge that investment to meet our future needs is crucial. While they all plan to spend more, there is less in manifestos on how to tackle key practical, regulatory and planning obstacles.wants to give increased responsibility to the NTMA for making the investment happen. New roles or titles is the easy bit: what matters is increasing the resources and expertise devoted to project management.

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