ICTU Pre-Budget Submission 2012

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Irish Congress of Trade Unions

Shifting to Growth & JobsPre-Budget Submission

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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)

3

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

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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: congress@ictu.iewww.ictu.ie

Carlin House 4 - 6 Donegall Street PlaceBelfast BT1 2FNNorthern Ireland

Phone: +02890 247940Fax: +02890 246898E-mail: info@ictuni.orgwww.ictuni.org

www.ictu.ie

Prin

ted

by T

rade

Uni

on L

abou

r