and while his opening remarks were mostly focused on Ireland's recovery from the pandemic, it did contain some depressing statistics."The expenditure associated with Budget 2022 will bring our overall national debt to just under €240 billion. That means debt of nearly €50,000 for every man, woman and child in the country," he said."This is not where we want to be when interest rates start to rise again.
According to the Finance Minister, modified domestic demand - the best measure of the domestic economy - is expected to grow by 5.25% per cent and by 6.5% per cent in 2022.Donohoe told the Dáil, Budget 2022 meets the"twin goals" of investing in Ireland's future and meeting the needs of today, while putting the public finances on a sustainable path.
I mean, debt per capita is 98,000$ in Japan, we live in a debt based economy.
I wish I was only €50k in debt.