Why not do something creative with the €400 million cut from the drugs bill? Maybe address a social need, increase growth and employment, and reduce household costs? By Michael Taft.
One of the keys to an alternative budgetary strategy is to stop cutting current public spending. This would provide an opportunity to re-direct or re-invest productivity gains and spending efficiencies into expanding growth and employment. This would be more effective at repairing public finances than the current austerity strategy.