Ministers sound note of caution on budget plans

Ministers sound note of caution on budget plans

Assessment

Interactive Video

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University

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The video discusses Ireland's budget commitments and spending plans, highlighting an increase of over €5 billion. It addresses the challenges posed by global inflation, driven by energy and food prices, and emphasizes the need to avoid exacerbating this with local inflation. The speaker acknowledges the demands for increased spending but stresses the importance of prioritizing key areas without worsening the inflation problem. The approach aims to prevent turning a global issue into a local one, ensuring long-term economic stability.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the projected increase in spending for the next year?

€3 billion

€10 billion

€5 billion

€7 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main concerns of the Central Bank regarding additional spending?

It could lead to a decrease in employment.

It might increase the national debt significantly.

It could raise the cost of living.

It might reduce foreign investments.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the primary global factors affecting the cost of living in Ireland?

Technology and communication costs

Housing and transportation costs

Energy and food prices

Healthcare and education expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to avoid creating domestic inflation?

It would make it harder to reduce inflation over time.

It could increase unemployment rates.

It might cause a recession.

It could lead to higher taxes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's approach to handling the demands for increased spending?

Meeting all demands to satisfy public expectations

Focusing on key areas without worsening inflation

Ignoring the demands to maintain current spending levels

Increasing taxes to fund additional spending