Government Economic Dashboard

[offshoremanxman]

2 minutes ago, Boo Gay'n said:

OK - fair challenge - and that money was borrowed for spending (or there would have been no point issuing the bond).

Well as Alf Cannan has suggested they haven’t spent the £400M it’s clear they actually have and if they hadn’t have raised it then we’d be down to a few hundred million of reserves. With the only next line of cash the NI Fund. The expenditure run down very quickly indeed after the cash came in. The pension reserve was always due to go 2022. As you say we’re now expensing every penny paid out from general revenue.

[Andy Onchan]

1 hour ago, offshoremanxman said:

As you say we’re now expensing every penny paid out from general revenue.

That's one of the reasons for asking what the cash balance is/was. 

[cissolt]

Government finances are in a bad way.  DOI were 20 million over budget a few months ago, but are still pursuing crazy art installations on the promenade.

When will our government start feeling the pinch and reduce capital spending on vanity projects?  

[Steady Eddie]

5 minutes ago, cissolt said:

Government finances are in a bad way.  DOI were 20 million over budget a few months ago, but are still pursuing crazy art installations on the promenade.

When will our government start feeling the pinch and reduce capital spending on vanity projects?  

The full effect of the Liverpool landing stage wont have been had yet either. That will be £100M in the end. 

[Banker]

1 hour ago, offshoremanxman said:

Well as Alf Cannan has suggested they haven’t spent the £400M it’s clear they actually have and if they hadn’t have raised it then we’d be down to a few hundred million of reserves. With the only next line of cash the NI Fund. The expenditure run down very quickly indeed after the cash came in. The pension reserve was always due to go 2022. As you say we’re now expensing every penny paid out from general revenue.

Well we’ve got £700m in reserve still plus £1bn ni funds so hardly destitute, Covid expenditure cost £250m plus £80m for new steam packet vessel plus £42m allocated for climate change so can see where funding is going 

however as mentioned c£30m going every year to fund PS pension deficit which after inflation linked increases in April will grow 

[offshoremanxman]

11 minutes ago, Banker said:

Well we’ve got £700m in reserve still plus £1bn ni funds so hardly destitute,

As I said if we hadn’t have raised £400M in the market we’d be down to less than £300M in ‘reserves’ by now. This new debt will be repaid over the next 30 years. 

[Non-Believer]

49 minutes ago, cissolt said:

When will our government start feeling the pinch and reduce capital spending on vanity projects?  

They won't, it would be politically untenable, sending the wrong signal and there are too many jobs dependant upon it along with the job protectionism that goes along with it. Coupled of course with the oft-mentioned silo attitude possessed of Govt departments.

Of course if Labour get in and revisit FERSA...

[Moghrey Mie]

I'd rather see an index of health and well-being. This government is obsessed with money.

[finlo]

1 minute ago, Moghrey Mie said:

I'd rather see an index of health and well-being. This government is obsessed with money.

Well it does keep their nests feathered especially since their pension pot has run dry!

[Banker]

1 hour ago, offshoremanxman said:

As I said if we hadn’t have raised £400M in the market we’d be down to less than £300M in ‘reserves’ by now. This new debt will be repaid over the next 30 years. 

Plus £1bn in NI reserves which are still reserves so £1.3bn without the bonds money so still extremely strong financial position 

[offshoremanxman]

1 minute ago, Banker said:

Plus £1bn in NI reserves which are still reserves so £1.3bn without the bonds money so still extremely strong financial position 

I’m fairly sure nobody wants to see the NI Fund raided to cover government expenditure. 

[finlo]

6 minutes ago, Banker said:

Plus £1bn in NI reserves which are still reserves so £1.3bn without the bonds money so still extremely strong financial position 

Anyone who considers raiding the NI pot to spunk on vanity projects should be strung up by the balls!

[Declan]

19 hours ago, Boo Gay'n said:

700 grand is 'nearly down to'?

Isn't it 700 million?

[Banker]

Alex & head of dashboard plus chief statistician on with Gawne tonight if interested, sounds riveting!!

[Mann O Mann]

I think it’s a good start - I would like to see also : 

1. a forward extrapolation of forecasted reserves as this is the critical point with the aging population to see how quickly this eroded 

2. size of government expenditure per department against budget and overall .

3. size of government headcount per department, with some split between front line services and administrative.