tag:blogger.com,1999:blog-8817171247555815363.post7533635217415070117..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 04/06/2009: Exchequer returns for MayTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8817171247555815363.post-11635071950661599842009-06-05T05:53:08.326+01:002009-06-05T05:53:08.326+01:00Surfinduf, I am back this Monday - it is going to ...Surfinduf, I am back this Monday - it is going to be tough leaving Moscow, there is so much going on in the city and the weather... just superb. <br /><br />Figures for agriculture - these are inflated on the spending side by the compensation for dioxins case, as far as I understand. Per your argument on value added - you are absolutely correct. I did analysis of this in the Sunday Times article (a very short note) and will do more in Business & Finance issue (two weeks away). In my view, agriculture has been a black hole for subsidies in Ireland and, despite our climate and soil conditions, cannot be viewed as productive sector. Interestingly, in our own markets, with vast subsidies in place, our lamb cannot compete with New Zealand's (shipping costs and lack of subsidies included). This tells everything.TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-33351872455650925132009-06-04T21:31:21.031+01:002009-06-04T21:31:21.031+01:00Hi Constantin - when are you back in sunny Dublin?...Hi Constantin - when are you back in sunny Dublin?<br /><br />I am curious why expenditure at the Dep of Agriculture & Food is €248 million higher than this time last year. The agriculture and food component of GDP in 2008 was €3,884 million (2.1% of GDP). This figure has been almost stagnant since 2002. The annual budget for the Dep of Ag & Food is €1.69 billion, an increase from €828 million in 2002. Does this strike you as being odd?Myles Duffyhttps://www.blogger.com/profile/14393652603287289541noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-74831028510521724932009-06-04T10:15:54.374+01:002009-06-04T10:15:54.374+01:00Yeah,
Terrible reporting of the figures in the me...Yeah,<br /><br />Terrible reporting of the figures in the media here. Only the 4th story on the RTE 9 O'Clock news (after a cock up with the Leaving cert paper and two murders).<br /><br />Message from RTE: rate of decline has slowed/bottoming out. Very little analysis of what the numbers mean along the lines of what you have set out above.<br /><br />RTE firmly on message with FF two days before the election.<br /><br />Should expect to see the real carnage once the last vote has been cast.Anonymousnoreply@blogger.com