ictu pre-budget submission 2012
DESCRIPTION
Budget SubmissionTRANSCRIPT
Irish Congress of Trade Unions
Shifting to Growth & JobsPre-Budget Submission
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25
30
35
40
45
50
55Figure 1. Government Revenue as Percentage of GDP, 2012
Denmark
Finlan
d
Sweden
Fran
ce
Belgium
Austria Ita
ly
Netherl
ands
EU (15 c
ountr
ies)
German
y
Portug
al
Greece
Luxe
mbour
g
United
King
dom
Spain
Irelan
d
United
Stat
es
Source: Ameco (EU)
€
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3
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4
Private pensionfunds
Commercialsemi states/State Holding
Company
EuropeanInvestment
BankNPRFUpwards
of €3bnper annum
over 3 years
Figure 3. Domestic Demand - Still Falling
Source: CSO, National Income Accounts.
25,000
27,000
29,000
31,000
33,000
35,000
37,000
39,000
41,000
2006
Q1
2007
Q1
2007
Q3
2008
Q1
2008
Q3
2009
Q1
2009
Q3
2010
Q1
2010
Q3
2011
Q1
2011
Q3
2012
Q1
2006
Q3
Figure 4. GDP, GNP & Domestic Demand
Source: CSO, National Income Accounts.
Gross Domestic Product
Total Domestic Demand
Gross National Product
24,000
26,000
28,000
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
46,000
2000
Q1
2001
Q1
2002
Q1
2003
Q1
2004
Q1
2005
Q1
2006
Q1
2007
Q1
2008
Q1
2009
Q1
2010
Q1
2011
Q1
2012
Q1
1700
1750
1800
1850
1900
1950
2000
2050
2100
2150
2200
2007
Q1
2007
Q3
2008
Q1
2008
Q3
2009
Q1
2009
Q3
2010
Q1
2010
Q3
2011
Q1
2011
Q3
2012
Q1
Figure 5. Huge Drop in Jobs since 2007
Source: CSO
Figure 6. Trends in the rate of unemployment.
Source: CSO
0
2
4
6
8
10
12
14
16
2006 2007 2008 2009 2010 2011 2012
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31/32 Parnell SquareDublin 1Ireland
Phone: +353 1 8897777Fax: +353 1 8872012E-mail: [email protected]
Carlin House 4 - 6 Donegall Street PlaceBelfast BT1 2FNNorthern Ireland
Phone: +02890 247940Fax: +02890 246898E-mail: [email protected]
www.ictu.ie
Prin
ted
by T
rade
Uni
on L
abou
r