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programme for government 2011-2016

Programme for Government. Compromise between FG

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programme for government 2011-2016

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    1. Programme for Government 2011-2016 Overview of business issues

    3. Programme for Government Commitment to stick with National Recovery Plan for 2011 & 2012 Further stated aim to ‘pursue structural reforms’ in recovery plan Progress to be reviewed in advance of Budget 2013 Settled on reaching the target 3% deficit GDP by 2015 Aim to renegotiate interest rate on loans and offset any gain against the adjustment Overall direction

    4. Programme for Government Tax certainty Commitment to corporate tax rate @12.5% No planned increases in income tax and consideration of site tax Limit top rate of VAT to 23% Jobs plan within 100 days to include: 15,000 training places Halve the 8.5% PRSI rate to end 2013 on work up to €356/wk Abolish the travel tax Accelerate jobs-intensive capital projects and retro-fitting schemes Labour market reform and commission on welfare rates Pro-enterprise measures

    5. Programme for Government Establish an export trade council Create a national intellectual property protocol Develop an international content services centre Amend the R&D tax credit scheme to allow offsets against PRSI Amend the bankruptcy legislation to help entrepreneurs Legislate to end upward only rent reviews for existing leases A temporary, partial credit guarantee on loans to job-creating firms Several sectoral commitments to ICT; IFSC; food etc. Commitment to a new National Development Plan 2012-19 Pro-enterprise measures cont’d

    6. Programme for Government Set up a fiscal advisory council for projections and monitoring Comprehensive spending review and propose three-year multi-annual spending plans for all gov’t departments Expert to head Dept of Finance budget & economic policy division Reduce public service numbers by between 18,000-21,000 by 2014 with end-2010 as baseline, and a further 4,000 by 2015 Apply many of recommendations of Bord Snip – only one short reference to Croke Park Reduce Dail numbers; abolish Seanad; amend FOI legislation; phase out the HSE; revisit 3rd level funding On reform agenda

    7. Programme for Government Reversal of the minimum wage cut (although not timelined) Stated outcome on JLC reform although review in progress Mention of collective bargaining with unclear implications Climate bill and waste policy proposals that could be expensive ‘Fudge’ on infrastructure delivery: both FG & Labour proposals are in the mix; major changes foreseen in delivery of utilities No mention of PPPs as a funding model, although commitment to private finance is given explicitly Lack of clarity around key issues such as pensions Some potential red flag issues

    8. Programme for Government Ministers in situ and new departmental structures in place A set of numbers: budget framework and growth projections against which programme is costed (e.g. National Recovery Plan targets €630m in new income tax revenue – this now seems ruled out) Clarity on split between spending cuts and tax – unofficial statements indicate a 2:1 ratio, but nothing on paper Fleshed-out plans on semi-state reform and clarity around the €2bn sale of non-strategic assets What do we need to see next?

    9. New Cabinet

    10. Further information

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