Martin O'Donoghue, Associate Professor of Economics at Trinity College Dublin, gives his analysis of Budget 1976 and recalls some tough budgets from the past.
Martin O'Donoghue, Associate Professor of Economics at Trinity College Dublin, gives his analysis of Budget 1976 and recalls some tough budgets from the past.
O'Donoghue believes it to be one of the harshest budgets since the war as it took out over 100 million pounds in taxation. O'Donoghue remembers the harsh budgets of 1952 and 1956, which also took out about 2% of GNP.
"If people can swallow hard and accept it, it's moderately severe rather than terribly severe."
O'Donoghue also discusses taxation on alcohol and petrol, which are old reliables when it comes to budgets.
The key problem with this budget according to O'Donoghue is that the Minister for Finance, Richie Ryan, has done virtually nothing to help unemployment or inflation.
| Title: | Martin O'Donoghue's Budget Analysis |
| Clip Duration: | 00:04:59 |
| Material Type: | Audio |
| Clip Title: | "Virtually Nothing To Either Help Inflation Or To Help Unemployment" |
| Series Title: | RTÉ News at Six Thirty |
| Information: | A RTÉ News report featuring TCD Professor of Economics, Martin O'Donoghue, giving his analysis of the budget. This report was broadcast on 28 January 1976.
The accompanying image shows Fine Gael Minister for Finance Richie Ryan, in a shot taken on RTÉ Television's '7 Days' Budget Special on 16 May 1973. © RTÉ Stills Library 2239/097 |
| Local Keywords: | Memorable Budgets, Budget, 1976, Martin O'Donoghue, Economcis, Politics |
| Coverage: | Ireland |
| Genre: | News |
| Topic: | Politics and Economics |
| Provider: | RTÉ |
| Contributor(s): | Martin O'Donoghue |
| Publisher: | RTÉ |
| First Broadcast Channel: | RTÉ |
| Production Year: | 1976 |
| Country of Production: | Ireland |
| Original Identifier: | QNX1619 |
| IPR Restrictions: | Rights Reserved - Free Access |
| Rights, Terms and Conditions: | Copyright RTÉ. This material may not be replicated in any form or manner without the prior express permission of RTÉ. Any form of reproduction in print, television, video, multimedia, web site or other electronic media or any form of dissemination for commercial or non-commercial use must be licensed by the RTÉ Archives. If you wish to licence video or audio clips, still images or text, or would like further guidance please contact us. RTÉ Archives are committed to respecting the copyright of others and have attempted to source and credit the copyright owners of all material used here. RTÉ would like to hear from any copyright owners who are not properly identified here so that the necessary corrections can be made. If you feel your copyright has not been respected please contact us. |
| Item Type: | part/extract |
| Sound: | Mono |
| Language: | English (eng) |
| Original Language: | English (eng) |
